Examlex

Solved

Which Statement Is Incorrect

question 113

Multiple Choice

Which statement is incorrect?


Definitions:

Semiannually

Occurring twice a year; every six months.

Accrued Interest

The interest that has accumulated on a financial obligation over a period of time but has not yet been paid.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.

Accrued Interest

Interest that has been incurred but not yet paid.

Related Questions