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:

Severe Blood Loss

A critical condition that occurs when a significant amount of blood is lost from the circulatory system, leading to a drop in blood pressure and potential shock.

Stratified

Layers or levels that are arranged one on top of another, often referring to the layering found in sedimentary rocks or societal hierarchies.

Simple

Easily understood or done; presenting no difficulty, characterized by simplicity.

Lymph

A clear fluid that circulates in the lymphatic system, carrying immune cells and removing toxins and waste materials from bodily tissues.