Question
1. Who pays the transaction cost (the fee to the bank and network for the use of the card) of a debit card purchase? A.The
1. Who pays the transaction cost (the fee to the bank and network for the use of the card) of a debit card purchase?
A.The Government B. Mastercard C.The Bank D.Vendor (The store where the transaction takes place)
2. Given the same nominal rate, what compounding term will give you the highest effective rate (APY)
A.Monthly B. Annually C.Quarterly D.Daily
3.When you want to compare the best option for the total cost of your loan, you should always ask for
A,Nominal Rate B. APR C. Variable Interest Rate D. Fixed Interest Rate
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
