In Most Cases,at What Time Are Non-Guaranteed Room Reservations Released

question 17

Multiple Choice

In most cases,at what time are non-guaranteed room reservations released by a hotel's front office?

• A) 4:00 to 6:00 a.m.
• B) 6:00 to 8:00 a.m.
• C) 4:00 to 6:00 p.m.
• D) 6:00 to 8:00 p.m.

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Definitions:

Inflation

How quickly the average cost of products and services climbs, reducing buying power as time progresses.

Expected Inflation

The rate at which the general level of prices for goods and services is anticipated to rise over a specific period.

Nominal Rate

The stated or face interest rate on a loan or financial product, not adjusted for inflation, reflecting the actual rate charged by lenders to borrowers.

Interest

Payment to resource owners for the use of their capital; the dollar amount paid by borrowers to lenders.