According to Figure 9

question 10

Multiple Choice

According to Figure 9.5, an R² of 0.78 indicates that 78% of the variation in annual amount per informal investor is explained by:

• A)amount of startup funding
• B)total entrepreneurial activity (TEA)
• C)Income per capita
• D)GDP per capita
• E)Expected IRR

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Definitions:

Quarterly Interest

Interest calculated or paid every three months on loans, investments, or deposits.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan balance.

Non-Interest Bearing

refers to financial instruments or accounts that do not earn or involve the payment of interest, such as certain loans or bonds.

Notes Receivable

Financial assets representing amounts owed to the holder by others, typically arising from selling goods or services on credit.