Regarding Alternative Transporting Modes

question 100

Multiple Choice

Regarding alternative transporting modes:

• A) trucks are good for speed, frequency, dependability, and number of locations served.
• B) pipelines are slower and less dependable than water transport, but also less expensive and able to serve more locations.
• C) airways are faster, cheaper, and more dependable than railways.
• D) waterways are slow, costly, and unable to handle a variety of shipments.

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Definitions:

Bank Account

A financial account maintained by a banking institution in which the financial transactions between the bank and a customer are recorded.

Compounded Annually

Interest calculated once per year on the initial principal and the accumulated interest of previous periods.

Savings Account

A savings account is a deposit account held at a financial institution that provides an interest rate to the account holder, offering a safe place to keep money while earning returns.

Interest

The charge for borrowing money or the compensation paid by the borrower to the lender for the use of borrowed funds.