The Somerset Bank Offered Blakemore Inc

question 15

Multiple Choice

The Somerset Bank offered Blakemore Inc.the following loan alternatives in response to its request for a $75,000, 1-year loan.

Alternative 1: 7 percent discount interest, with a 10 percent compensating balance.
Alternative 2: 8 percent simple interest, with interest paid monthly.
What is the effective annual rate on the cheaper loan?

• A) 8.00%
• B) 7.23%
• C) 7.67%
• D) 8.43%
• E) 8.30%

Identify and critique the funding mechanisms for the PPACA, including taxes and employer mandates.

Describe the moral hazard problem and peculiarities of the health care market.

Understand the role and types of managed-care organizations in controlling health care costs.

Understand the characteristics and extent of populations with limited health care access.

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Definitions:

Traditional Technologies

Are established methods and tools that have been historically used in production, manufacturing, or processes without significant modern innovations.

Wildlife Habitat

Natural environments in which wildlife species live, including forests, wetlands, grasslands, and other ecosystems.

Farmland

Land used for the purpose of agricultural activities such as growing crops and rearing animals.

Highly Valued Resource

An asset or input considered to be of great importance or worth, often due to its scarcity or role in production.