Examlex
When a test was described as measuring "problem-solvingskills," African-American students did just as well as white students. But when told that the same test measured"intellectual ability,"African-American students scored lower than white students. This is an example of stereotype lift.
Effective Rate
The actual interest rate on an investment or loan, accounting for the effect of compounding over a given period.
Operating Loan
Loan negotiated with banks for day-to-day operations.
Bank
A financial institution licensed to receive deposits, offer loans, and provide various financial services, such as currency exchange and wealth management.
Accounts Receivable Turnover
A financial metric indicating how many times a company collects its average accounts receivable balance in a year.
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