Which of the Following Accounts Has the Highest EAR

question 84

Multiple Choice

Which of the following accounts has the highest EAR?

• A) one that pays 5.4% every six months
• B) one that pays 1.0% per month
• C) one that pays 9.6% per year
• D) one that pays 2.4% every three months

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Definitions:

Imported Oil

Oil that is brought into a country from foreign sources for use in energy production, manufacturing, and other applications. It contrasts with domestically produced oil.

Price Floor

A government or regulatory-imposed minimum price that can be charged for a good or service, intended to ensure fair remuneration for producers or to protect consumers from excessively low prices.

Shortage

A situation where demand for a product or service exceeds the supply available at a specific price.

World Price

The international market price of a good, influenced by global supply and demand.