Which of the Following Is Not a Not-For-Profit Institution

question 148

Multiple Choice

Which of the following is not a not-for-profit institution?

• A)Columbia Broadcasting System (CBS)
• B)American Red Cross
• C)Salvation Army
• D)a public library
• E)a typical college or university

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Definitions:

Principle Amount

The principal amount is the initial size of a loan or an investment, not including profits or interest.

Loan Payment

A payment made by a borrower to a lender that may include both the principal and interest.

Effective Annual Rate

The interest rate on a loan or financial product restated from the nominal rate as an annual rate, including any compounding that occurs during the year.

APR

Annual Percentage Rate, a measure that reflects the annualized cost of borrowing including interest and other fees, making it easier to compare different financial products.