The Smart Bank Wants to Appear Competitive Based on Quoted

question 71

Multiple Choice

The Smart Bank wants to appear competitive based on quoted loan rates and thus must offer a 7.9 annual percentage rate.What is the maximum rate the bank can actually earn based on the quoted rate?

• A)7.90%
• B)8.18%
• C)8.20%
• D)8.22%
• E)8.39%

---

Definitions:

Table Design View

A database feature that allows users to define and modify a table's structure in a more visually intuitive manner than traditional code-based methods.

Table Datasheet View

A view in database applications that displays data in rows and columns, similar to a spreadsheet, allowing for data entry and editing.

Macro Design View

A feature in some software applications that allows users to create, edit, and view macros and their components in a graphical or structured format.

After Update

An event triggered in software applications (like databases) after a record or field has been updated.