Examlex
A study of ________ suggests postpurchase dissonance results from unsuccessful prepurchase search.
Check Clearing
The process of transferring funds from the check writer's account to the recipient's account, finalizing the payment.
Compensating Balance
A minimum account balance that a borrower is required to maintain as a condition for obtaining a loan, it compensates the bank by offsetting the cost of providing the loan.
Effective Interest Rate
The interest rate on a loan or financial product restated from the nominal interest rate as an interest rate with annual compound interest payable in arrears.
Effective Interest Rate
The actual annual interest rate that takes compounding into account, providing a more accurate representation of the cost of borrowing.
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