A General Has the Two Possible Pure Strategies, Sending All

question 2

True/False

A general has the two possible pure strategies, sending all of his troops by land or sending all of his troops by sea. An example of a mixed strategy is where he sends of his troops by land and of his troops by sea.

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Definitions:

Variable-Rate Loan

A loan whose interest rate changes over the life of the loan.

Fixed-Rate Loan

A loan whose interest rate remains constant.

Floor Planning

A type of business loan generally made for “big-ticket” items. The business holds the item in inventory and pays interest, but it is actually owned by the lender until the item is sold.

Unsecured Loan

A loan that doesn't require collateral and is based on the borrower's creditworthiness.