LinkedIn Is

question 129

Multiple Choice

LinkedIn is

• A)a website where users may create a personal profile, add other users as friends, and exchange comments, photos, videos, and "likes" with them.
• B)a website that enables users to send and receive short messages up to 140 characters long.
• C)a business-oriented website that lets users post their professional profiles to connect to a network of businesspeople.
• D)a video-sharing website in which users can upload, distribute, view, and comment on videos.
• E)a website that enables online customers to use their collective buying power to take advantage of deeply discounted prices for a product or service each day.

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Definitions:

Compensating Balance

A minimum account balance that a company agrees to maintain in a bank account to offset the cost of banking services provided.

Effective Rate

The actual interest rate earned or paid on an investment, loan, or other financial product, taking into account the compounding effect.

Implied Annual Cost

An estimation of the cost associated with an investment or loan, calculated on a yearly basis, including interest, fees, and other charges.

Prompt Payment Discount

A discount offered to customers for paying their bills promptly, usually within a specified time frame to encourage faster payment.