Which of the Following Statements Is Most Correct

question 49

Multiple Choice

Which of the following statements is most correct?

• A) If annual compounding is used,the effective annual rate equals the simple rate.
• B) If annual compounding is used,the effective annual rate equals the periodic rate.
• C) If a loan has a 12 percent simple rate with semiannual compounding,its effective annual rate is equal to 11/66 percent.
• D) Both answers a and b are correct.
• E) Both answers a and c are correct.

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Definitions:

National Regulators

Authorities or governmental agencies responsible for overseeing and regulating specific industries or sectors within a country to ensure compliance with laws and regulations.

Best Possible Medical Care

High-quality health services that prioritize patient safety, effectiveness, and satisfaction, often incorporating the latest advancements in medical research and technology.

Increased Emphasis

A greater focus or importance placed on a particular subject, area, or policy, signaling a shift in priorities or concerns.

Regardless Of Income

A principle or condition where income does not affect one's eligibility, access to resources, or treatment in a given scenario.