Exhibit 29-2 Refer to Exhibit 29-2

question 60

Multiple Choice

Exhibit 29-2 Refer to Exhibit 29-2. The interest and interest rate for loan 2 are, respectively,

• A)$500 and 25.0 percent.
• B)$2,500 and 25.0 percent.
• C)$500 and 12.5 percent.
• D)$2,500 and 12.5 percent.

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Definitions:

Liberalization

The process of eliminating restrictions and barriers to free trade or other economic activities, often to encourage economic development.

Delegation of Authority

The process of distributing and entrusting work or decision-making power from a higher authority to lower levels within an organization or system.