The effective annual rate (EAR) for a savings account with a stated APR of 5% compounded daily is closest to ________
A) 5.64%
B) 6.15%
C) 5.13%
D) 6.66%
Answer: C
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An external search for product information is likely to occur when
A. the risk of making a wrong purchase decision is low. B. review of past experience provides adequate information. C. the cost of gathering information is low. D. the item is for personal use rather than for professional use. E. the item is frequently purchased.
Which of the following is not part of the four-way test to determine ethical behavior?
A. Is it the truth? B. Will others view it as ethical? C. Will it build goodwill and better friendship? D. Is it fair to all concerned?
Joseph has a guilty mind of planning to rob a convenient store but he has not taken any action. Joseph has not committed robbery under the Model Penal Code
a. True b. False
The FTC has established a national do-not-call registry
Indicate whether the statement is true or false