Your Accountant Tells You That If You Can Continue to Earn

question 47

Multiple Choice

Your accountant tells you that if you can continue to earn the current interest rate on your balance of $800 for the next two years you will have $898.88 in your account. If your accountant is correct what is the current interest rate?

• A)6 percent
• B)7 percent
• C)8 percent
• D)9 percent

Recognize the purpose and function of indexes in financial markets.

Identify the characteristics and differences between major stock exchanges.

Comprehend the role of investment banking firms in assisting corporations to sell securities in the primary market.

Understand the definitions and characteristics of money, including its roles as a medium of exchange, a measure of value, and a store of value.

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Definitions:

Inspection Samples

Refers to a selection of items taken from a larger population and tested or inspected to determine the quality or performance of the whole.