Carol, an Eighth-Grader, Is Facing a Big Dilemma and She

question 44

Multiple Choice

Carol, an eighth-grader, is facing a big dilemma and she needs advice. To whom is Carol likely to turn for this support?

• A) her friends
• B) her parents
• C) an adult expert outside the family
• D) it depends on the specific issue at hand

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Definitions:

Commercial Paper

A short-term, unsecured debt instrument issued by corporations to fund immediate needs.

Simple Interest

Interest assessed only on the starting principal, or on the remaining portion of the principal that is due.

Annual Rate

The interest rate for a period of one year, not accounting for compounding within that year.

Promissory Note

A financial paper embodying a vow by one individual or entity to transfer a stated sum of money to another, either on demand or on a specified forthcoming date.