Examlex
Grog,the favorite drink of European sailors in the Atlantic slave trade,was a mixture of which of the following items?
Accounts Receivable
The money owed to a business by its clients or customers for goods or services provided on credit.
Compensating Balance
A minimum balance that must be maintained in a bank account, often required by banks as a condition for loans or to waive service charges.
Effective Annual Interest Rate
The interest rate on an investment or loan, which accounts for compounding over a given period.
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