ABC Bank Offers Term Deposits with 7

question 58

True/False

ABC Bank offers term deposits with 7.8 percent compounded quarterly,while XYZ Bank offers term deposits with 8 percent compounded annually.We know that ABC Bank offers a higher effective rate of return.

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Definitions:

Rostral

In anatomy, referring to a position toward the front end of the body in quadrupeds or the bottom of the head in humans.

Caudal

At or near the rear or the tail end of an organism.

CNS

The central nervous system, composed of the brain and spinal cord, which processes and sends out neural signals.

PNS

The Peripheral Nervous System, which consists of the nerves and ganglia outside of the brain and spinal cord.