The Suffix -Ary Means

question 419

Multiple Choice

The suffix -ary means:

• A)pertaining to.
• B)one who specializes in.
• C)many; much.
• D)process of.

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Definitions:

Effective Interest Rate

The actual return on an investment or the actual cost of a loan, taking into account the compounding of interest over time, as opposed to the nominal interest rate.

Short-Term Bank Loan

A loan obtained from a bank that has a short repayment period, typically less than one year.

Best Course of Action

The most suitable or advantageous strategy or decision to take in a given situation.

Annual Rate

The interest rate for a whole year, as opposed to a rate for a shorter period.