Effective communicators do not signal which of the ideas in a message are the most important because readers should be encouraged to draw their own conclusions
Indicate whether the statement is true or false
False
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Valley Spa purchased $10,900 in plumbing components from Tubman Co. Valley Spa Studios signed a 60-day, 6% promissory note for $10,900. If the note is dishonored, what is the amount due on the note? (Use 360 days a year.)
A. $11,150 B. $109 C. $11,009 D. $11,230 E. $10,900
Farmland County Bank offers to lend money to Gino, the owner of Home Hardware Store, at 15 percent interest. Before Gino accepts, a state statute is enacted prohibiting loans at rates greater than 12 percent. Gino and the bank have
a. a contract for a loan at 15 percent interest. b. a contract for a loan at 12 percent interest. c. a contract for a loan at 0 percent interest. d. no contract for a loan.
When courts consider economic duress, they consider all the following factors EXCEPT A)relative bargaining power
B)financial distress. C)legitimate business purpose. D)relative size of the contract.
If the Federal Reserve wants to expand reserves in the banking system, it will
A) purchase government securities. B) raise the discount rate. C) sell government securities. D) raise reserve requirements.