Your Bank Account Pays an 8% Nominal Rate of Interest

question 146

Multiple Choice

Your bank account pays an 8% nominal rate of interest.The interest is compounded quarterly.Which of the following statements is CORRECT?

• A) The periodic rate of interest is 8% and the effective rate of interest is also 8%.
• B) The periodic rate of interest is 2% and the effective rate of interest is 4%.
• C) The periodic rate of interest is 8% and the effective rate of interest is greater than 8%.
• D) The periodic rate of interest is 4% and the effective rate of interest is less than 8%.
• E) The periodic rate of interest is 2% and the effective rate of interest is greater than 8%.

Understand the evolution of employee autonomy and control mechanisms in response to shifts in societal values and workplace dynamics.

Examine the relationship between workplace identity, personal autonomy, and control.

Understand the characteristics and implications of the gig economy in the context of organizational behavior and control.

Understand the structure and functions of eukaryotic cell components.

---

Definitions:

Test Bias

A characteristic of a test that results in systematic differences in scoring that unfairly advantage or disadvantage certain groups.

School Performance

An evaluation of a student’s academic work and achievements in an educational setting.

Test Bias

Describes a situation in which a test or assessment produces unfair results, favoring one particular group over others.

Mechanical Abilities

Skills related to understanding and working with mechanical systems and machinery, often involving problem-solving and manual dexterity.