By the Turn of the Century, _________ Were the Most

question 10

Multiple Choice

By the turn of the century, _________ were the most common businesses.

• A) dry goods stores,
• B) grocery stores
• C) saloons
• D) pharmaceutical stores
• E) feed stores

---

Definitions:

Effective Interest Rate Method

A technique used in finance to find the actual interest rate per period with compounding taken into account.

Amortizing

The process of gradually paying off a debt over a period of time through regular payments.

Bond Discount

The difference between the bond's face value and its selling price when the bond is sold for less than its face value.

Bond Premium

The amount by which the market price of a bond exceeds its face value.