The Interest Rate Expressed as If It Were Compounded Once

question 117

Multiple Choice

The interest rate expressed as if it were compounded once per year is called the _____ rate.

• A)effective interest
• B)compound interest
• C)stated annual
• D)daily interest
• E)periodic interest

---

Definitions:

Sales Promotion

Short-term incentives or activities aimed at encouraging the purchase or sale of a product or service.

Direct Marketing

A form of advertising where businesses communicate directly with customers through various media.

Promotional Mix

The combination of different marketing approaches, including advertising, sales promotion, personal selling, public relations, and direct marketing, used to achieve business goals.

Nonpaid Marketing

Strategies to promote a business or product without direct financial expenditure, relying on word-of-mouth, organic social media presence, etc.