Although It Has a Population About Half That of the United

question 24

Multiple Choice

Although it has a population about half that of the United States,Japan has

• A)many more banks.
• B)about 25 percent of the number of banks.
• C)more than 5,000 commercial banks.
• D)fewer than 100 commercial banks.

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Definitions:

One Decimal Place

A numerical value rounded to a single digit following the decimal point.

Compound Interest

A method where interest is accrued both on the initial sum either deposited or loaned out, and also on the interest that has built up over prior periods.

Nearest Cent

Rounding an amount to the closest cent (1/100th of a currency unit) based on its decimal value.

Arithmetic Operations

Fundamental arithmetic operations such as adding, subtracting, multiplying, and dividing.