Choose the Word or Phrase in [ ] Which Will

question 5

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Banks [may | must] state interest rates they pay as annual percentage yields.

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Definitions:

Contingency Contract

An agreement between parties that specifies certain outcomes or actions contingent on designated conditions being met.

Good-Faith Contract

An agreement between parties characterized by mutual respect, honesty, and trust, often informal and based on verbal commitments.

Goal Statement

A concise description of the objectives a person, group, or organization aims to achieve.

General Task

A broad or comprehensive duty or activity that may encompass various specific jobs or responsibilities.