In Determining the Cost of Bank Financing,which Is the Important

question 15

Multiple Choice

In determining the cost of bank financing,which is the important factor?

• A) Prime rate.
• B) Nominal rate.
• C) Annual rate.
• D) Discount rate.

---

Definitions:

Social Services

A range of public services provided to support the well-being of individuals and communities, often focusing on the vulnerable.

Electricity Off

A situation where electrical power is unavailable due to various reasons such as maintenance or a power cut.

Transmission Of Pathogens

The process by which infectious agents are spread from one person to another, through direct contact, indirect contact, or through the air.

Wash Hands

The act of cleaning the hands with water and soap to remove dirt, germs, and bacteria to prevent illness.