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ATIONS QUESTION 1 If a bank compounds savings accounts semi-amually, the nominal rate will not exceed the effective al rate O True False QUESTION 2

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ATIONS QUESTION 1 If a bank compounds savings accounts semi-amually, the nominal rate will not exceed the effective al rate O True False QUESTION 2 If a bank compounds savings accounts daily, the effective annual rate will exceed the nominal rate True Fase QUESTION 3 a bank compounds savings accoum dally, the effective annual rate will acceed the nominal True Falle

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