QUESTION 2

The Apex Supplies Corporation needs to acquire 100 million in funds to expand their facilities. The bank has offered them a discounted loan at 10% and a compensating balance of 15%. What is the effective interest rate on this loan?

		11.76%
		12.05%
		11.90%
		13.33%

5 points

QUESTION 3

The only U.S. agency dedicated solely to financing and facilitating U.S. exports is the

		Ex Im Bank
		Foreign Credit Insurance Association
		Bankers' Association for Foreign Trade
		Agency for International Development