All of the Following Are Services Except

question 37

Multiple Choice

All of the following are services except:

• A) This class.
• B) A checking account.
• C) A Broadway musical.
• D) An oil change for a car.
• E) A book.

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Definitions:

Compound Interest

Calculating interest that includes both the original principal amount and all previously accumulated interest on a loan or deposit.

Simple Interest

The method of calculating interest charges based on the principal amount only, not compounding on accumulated interest.

Deposit

A sum of money placed into a bank account or given as security for a contractual obligation.

Ordinary Annuities

Fixed payments received or paid out over a designated series of periods where the payments occur at the end of each period.