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Author Question: The rate of interest agreed upon contractually charged by a lender or promised by a borrower is the ... (Read 31 times)

Medesa

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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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dominiqueenicolee

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Reply #1 on: Jul 10, 2018
Answer to Question 1

B

Answer to Question 2

TRUE


Medesa

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Reply #2 on: Jul 10, 2018
Correct answers!


dominiqueenicolee

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Reply #3 on: Jul 10, 2018
Great! Please up vote :D


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