The Method Used to Calculate Interest That Is Sometimes Known

question 12

Multiple Choice

The method used to calculate interest that is sometimes known as the Banker's Rule is:

• A) ordinary interest using exact time
• B) exact interest using exact time
• C) ordinary interest using ordinary time
• D) exact interest using ordinary time

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Definitions:

Cartilaginous Fish

Fish that have skeletons made entirely of cartilage, such as sharks and rays, distinguished from bony fish.

Reptiles

Informal amniote subgroup that includes lizards, snakes, turtles, crocodilians.

Hominins

Members of the human family tree, including modern humans and all our ancestors and relatives that are more closely related to us than to chimpanzees and bonobos.

Soft-Bodied Invertebrates

Invertebrate animals that lack a rigid skeletal structure, including organisms such as slugs, worms, and jellyfish.