Bank International Was Created to Provide the Working Class with a Means

question 2

Multiple Choice

Bank International was created to provide the working class with a means of saving.The bank accepts all deposits between $1 and $500.The bank encourages people who save a very small amount every month to continue to save.This is an example of:

• A)C2C marketing.
• B)C2B marketing.
• C)B2B marketing.
• D)B2C marketing.
• E)D2R marketing.

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Definitions:

Compounded Monthly

Interest calculated on the principal sum and also on the accumulated interest of previous periods of a deposit or loan, compounded every month.

Equal Payments

Payments that are the same in amount, typically referring to installments paid over a certain period of time.

Outstanding Balance

the amount of money that is still owed or remains unpaid on a loan, credit card, or another financial obligation.

Combined Equivalent

A combined or total equivalent that incorporates various elements or aspects to express a singular value or concept.