Author Question: Lou Hinton's savings account (offering 12 simple interest) showed the following activity for the ... (Read 43 times)

asd123 · **on:** Jul 11, 2018

Lou Hinton's savings account (offering 12 simple interest) showed the following activity for the month of June:

Opening balance 2,000
6/10 Deposit 1,000
6/20 Withdrawal ( 800)
6/30 Ending Balance 2,200

Interest earned in June with the minimum balance method would be
A)

20.00.
B)

22.00.
C)

30.00.
D)

unknown.

Question 2

Which of the following lessons from the Great Recession is NOT true?

A) The financial crisis really drove home the point that capital structure DOES matter in that firms with too much debt suffered greatly.
B) Firms that relied too much on short-term financing were severely affected by the global liquidity crisis.
C) Capital markets are indeed almost perfect.
D) All off the above are true.