[Answered] The rate of interest agreed upon contractually charged by a lender or promised by a borrower is the ...

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Medesa

Hero Member
Posts: 507

on: Jul 10, 2018

The rate of interest agreed upon contractually charged by a lender or promised by a borrower is the ________ interest rate.

A) effective
B) nominal
C) discounted
D) continuous

Question 2

Commercial paper is a short-term, unsecured, promissory note.

Indicate whether the statement is true or false

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Marked as best answer by a Subject Expert

dominiqueenicolee

Sr. Member
Posts: 314

Reply #1 on: Jul 10, 2018

Answer to Question 1

B

Answer to Question 2

TRUE

Medesa

Hero Member
Posts: 507

Reply #2 on: Jul 10, 2018

Correct answers!

dominiqueenicolee

Sr. Member
Posts: 314

Reply #3 on: Jul 10, 2018

Great! Please up vote

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