Although countries are similar in terms of having a mandatory retirement age, they differ in what that age is

Research indicates that about half of lost customers leave due to price considerations

Indicate whether the statement is true or false

You wish to deposit $7,000 in an account at the Shylock Bank. The bank pays interest at a nominal annual rate of 10% compounded quarterly. What is the effective interest rate offered by Shylock?

A) 10.38% B) 10.00% C) 9.65% D) 11.21% E) 10.47%