A Client Says, "I'm Tired of Waiting for My Lunch

question 22

Multiple Choice

A client says, "I'm tired of waiting for my lunch.I want it now!" To paraphrase, which statement is correct?

• A)"Why do you want your lunch now?"
• B)"You want your lunch now."
• C)"What do you want for lunch?"
• D)"Could you tell me that again, please?"

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Definitions:

Interest on Interest

The interest earned on the reinvestment of previous interest payments, commonly associated with compounding interest.

Reinvestment

The process of using dividends, interest, or any form of return earnings to purchase additional shares or units instead of receiving the earnings in cash.

Compound Interest

This refers to the interest that is calculated on both the original principal amount and on the interest that has previously been added to that principal in past periods.

Initial Principal

The original sum of money borrowed in a loan or invested, before any interest or profit is added.