Bank One currently charges a 10 percent simple rate on a car loan where the interest is compounded semiannually. Bank Two offers a car loan where the interest is compounded quarterly. What simple rate would Bank Two have to charge in order to earn the same effective annual rate that is earned by Bank One?

_____ refers to the follow-up activities that a service firm might engage in after a customer transaction

a. Need recognition b. Postpurchase communication c. Collective bargaining d. Sales prospecting

According to the Truth-in-Lending Act, consumers must be informed of credit terms by:

A: The trustee; B: The broker; C: The lender; D: The escrow company.