Your bank account pays a 6% nominal rate of interest. The interest is compounded quarterly. Which of the following statements is CORRECT?
A. The periodic rate of interest is 1.5% and the effective rate of interest is 3%.
B. The periodic rate of interest is 6% and the effective rate of interest is greater than 6%.
C. The periodic rate of interest is 1.5% and the effective rate of interest is greater than 6%.
D. The periodic rate of interest is 3% and the effective rate of interest is 6%.
E. The periodic rate of interest is 6% and the effective rate of interest is also 6%.
Answer: C
You might also like to view...
Michael has been successful as a library assistant. In his past two jobs, he was able to wander through the library, meet library patrons, and talk about books. Michael is outgoing and likes to talk to new people. He joined Acme Global as a Records Technician. The job is similar to that of a library assistant, but does not have as much contact with other people. Most days, Michael works alone. As a result, he is feeling unhappy and unmotivated in the job. His supervisor is not pleased with his performance. It appears that the records technician job lacks ______ for Michael.
A. ability-job fit B. personality-job fit C. person-organization fit D. ability-person fit
You should only call a meeting if you have no alternative way to communicate
a. True b. False
Which of the following is a part of medium-term capacity planning?
a. balancing the workload b. analyzing weekly schedules and bottlenecks c. capacity requirements planning d. relocating the plant
Indicate whether each of the following statements is true or false.________ a) Other things being equal, an operating cycle of 49 days is more desirable than an operating cycle of 120 days.________ b) The operating cycle is longer for a winery than a fast-food restaurant.________ c) The length of an operating cycle is not relevant to the profitability of a business.________ d) The length of an operating cycle equals the average days to collect accounts receivable.________ e) The length of an operating cycle is computed by adding the sum of the average days in inventory and the average number of days to collect accounts receivable.
What will be an ideal response?