Use the Following Information for Questions

question 47

Multiple Choice

Use the following information for questions
A bank customer is granted credit for a $2,000 loan at 10% to be repaid in 12 equal installments.
-If the loan quoted has an add-on rate, what are the net proceeds of the loan?

• A) $2,200
• B) $2,100
• C) $2,000
• D) $1,800
• E) Cannot be determined

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Definitions:

Blood Type

This refers to the classification of human blood based on the presence or absence of inherited antigenic substances on the surface of red blood cells. The most common classifications are A, B, AB, and O.

Rh Type

A classification of human blood based on the presence or absence of the RhD antigen on the surface of red blood cells, important in determining blood compatibility.

Erythroblastosis Fetalis

A serious anemia that develops in a fetus with Rh-positive blood as a result of antibodies in an Rh-negative mother’s body.

Embolus

A blood clot, air bubble, piece of fatty deposit, or other object that has been carried in the bloodstream to lodge in a vessel and cause an embolism.