Your bank grants you a lump sum loan today equal to the face value of the loan less the interest. Further you must repay the face value of the loan amount in a single lump sum at the end of one year
These terms most closely resemble which of the following types of bank loan?
A) Straight loan with a pre-set payment schedule
B) Compensating balance loan
C) Line of credit
D) Discount loan
Answer: D
Business
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When should charts, graphs, and other visual elements be incorporated into the report?
A) after the report has been completed B) after the first round of proofreading C) when you are satisfied with the quality of your text D) when you begin to draft content E) when creating the list of illustrations
Business
One way to indicate a major shift in the flow of the report is to incorporate
A) larger headings. B) page breaks. C) graphics. D) underlined text. E) italics.
Business