To Use an E-Mail System You Need All of the Following

question 10

Multiple Choice

To use an e-mail system you need all of the following, EXCEPT _____.

• A) an Internet connection
• B) an e-mail account
• C) software to compose e-mail message
• D) word processing software

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Definitions:

Compensating Balance

A minimum account balance that a borrower must maintain as a condition for a bank loan, often to compensate the bank for extending credit.

Interest Rate

Interest Rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Effective Annual Interest Rate

The real return on an investment after accounting for the effect of compounding interest over a period.

Inventory Period

The average time it takes for inventory to be sold and replaced over a period, indicating the efficiency of a company's inventory management.