If Chun Puts $344 into His Saving Account, His Account

question 117

Multiple Choice

If Chun puts $344 into his saving account, his account will have grown to $379.26 by the end of two years. What is the interest rate earned on Chun's savings account?

• A) 3.5%
• B) 4.2%
• C) 5%
• D) 7%

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a generalized view of other cultures.

Low-Context Cultures

Cultures that depend on explicit messages conveyed through the spoken or written word.

High-Context Cultures

Cultures in which meaning is conveyed through body language, nonverbal cues, and the circumstances in which the communication is taking place.

Edward T. Hall

An anthropologist known for his work in the areas of body language, proxemics, and cultural communication theories.