Find the Break-Even Size of Wire Transfer If the Cost

question 14

Multiple Choice

Find the break-even size of wire transfer if the cost of wire transfer is $20, the daily interest rate is 0.02 percent and the reduction in float is three days.

• A)$1,000
• B)$25,000
• C)$33,333
• D)$100,000 Interest savings = 0.0002 x 3 days x amount
• Break-even level is obtained by solving
• 0)0006 x transfer = $25

Identify the role of need for cognition in information processing and persuasion.

Understand the effects of regulatory focus on decision making and behavior.

Comprehend the impact of attitude strength, formation, and change on behavior and persuasion.

Recognize how attitudes are formed from personal experience versus other sources and their predictive power on behavior.

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Definitions:

Grassroots

A movement or campaign that originates from the common populace rather than from political or professional leadership structures.

Secular

Relating to activities, attitudes, or values not associated with religious or spiritual matters.

Sharecropping

An agricultural system where a landowner allows a tenant to use the land in return for a share of the crops produced on their portion of land.

Indentured Servitude

A form of labor contract where an individual agrees to work for another for a specified time in exchange for transportation, food, and accommodation.