Author Question: ____________________ are checks written by a depositor and paid by the bank. Fill in the blank(s) ... (Read 45 times)

saliriagwu · **on:** Jul 5, 2018

___________________ _ are checks written by a depositor and paid by the bank.
Fill in the blank(s) with correct word

Question 2

A vendor offers terms of 2/10, n/30. What is the ANNUAL interest rate the vendor is charging a buyer who does not pay within 10 days? (Assume there are 360 days in the year.

A) 2
B) 36
C) 54
D) 72