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Within the context of e-tailing,________ are two-dimensional barcodes with a high storage capacity which are typically used to point the consumer to a particular Web page when he or she scans the barcode with a mobile device's camera.
Compensating Balance
A minimum account balance that a borrower must maintain in a bank as a condition for obtaining a loan, often used to offset a portion of the bank's lending costs.
Interest Rate
The percentage of an amount of money charged by a lender to a borrower for the use of assets.
Effective Interest Rate
A measure of the real cost of borrowing that takes into account the effect of compounding interest in addition to the nominal rate.
Compensating Balance
Compensating Balance is a minimum bank account balance that a borrower must maintain as part of a loan agreement, often used by banks as a requirement for extending a loan.
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