In Order to Avoid the Imputation of Interest,the Stated Interest

question 93

True/False

In order to avoid the imputation of interest,the stated interest on a transaction must be at least equal to 100% of the Federal Reserve funds rate.

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Definitions:

Domain

In mathematics, the set of all possible input values for which a function is defined.

Rational Function

A function represented by the ratio of two polynomials, where the denominator is not zero.

Rational Expression

A rational expression is a fraction where the numerator and/or the denominator are polynomials.

Simplify

The process of reducing a mathematical expression or equation to its most concise and simple form, removing parenthesis and combining like terms when possible.