This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is most accurate about interest rates in Canada? (Read 57 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552
on: Nov 11, 2019
Which of the following is most accurate about interest rates in Canada?
◦ The maximum interest rate that can be charged on a consumer loan in Canada is 60 percent.
◦ Charging a rate of three percent for a seven day payday loan is legal in Canada.
◦ As long as loan charges come in the form of fees, they are not included in interest rate calculations in Canada.
◦ Payday loan companies provide a necessary service and have permission to charge above the maximum loan rate in Canada.
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Metfan725 on Nov 11, 2019

bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


Metfan725

  • Member
  • Posts: 552
Reply 2 on: Nov 11, 2019
YES! Correct, THANKS for helping me on my review

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Canada lynx Canada lynx
Tar sands from Alberta, Canada Tar sands from Alberta, Canada
Obesity Rates in United States Obesity Rates in United States
Change in air temperature at various air flow rates for a 7 pass operation Change in air temperature at various air flow rates for a 7 pass operation
How to calculate simple interest (Part 1) How to calculate simple interest (Part 1)
Statistics Canada, Labour Force Survey Statistics Canada, Labour Force Survey
Video: Adolescent Diabetes

For a complete list of videos, visit our video library