Which of the Following Guidelines Should Be Followed When Writing

question 43

Multiple Choice

Which of the following guidelines should be followed when writing messages extending credit?

• A)The message should be written inductively.
• B)The message should start with the credit terms.
• C)The message should include sales promotional material.
• D)The message should begin with future-oriented thoughts.

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Definitions:

Interest Rate

The fee, represented as a percentage of the total amount lent, that a lender imposes on a borrower for the utilization of assets.

Quantity of Money Demanded

The total amount of money that households and businesses wish to hold at a given time, depending on interest rates, income levels, and economic activity.

Money Supply Curve

A graphical representation that shows the relationship between the quantity of money in the economy and the interest rate.

Interest Rate

The percentage charged on the total amount you borrow or earn on an investment over a specific period of time.