Analog Computers Needs to Borrow $475,000 from the Midland Bank

question 3

Multiple Choice

Analog Computers needs to borrow $475,000 from the Midland Bank. The bank requires a 15% compensating balance. How much money will Analog need to borrow in order to end up with $475,000 spendable cash?

• A) $546,250
• B) $758,264
• C) $558,824
• D) $71,250

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Definitions:

Locus Of Control

A psychological concept that refers to individuals’ beliefs about the extent to which outcomes in their lives are under their own control versus external forces.

Reciprocal Determinism

The theory posited by Albert Bandura that a person's behavior both influences and is influenced by personal factors and the social environment.

Thematic Apperception Test

A projective psychological test used to reveal a person's social drives or needs by their interpretation of a series of pictures of emotionally ambiguous situations.

Motivational Traits

Personality characteristics that influence an individual's desire to achieve goals, persist in activities, and exert effort in pursuit of success.