What is the importance of the APY?
What will be an ideal response?
Answer: Understanding the impact of compounding frequency on the actual or effective rate of return is essential to Personal Finance. There are many different investment options available at different Institutions that make it hard to determine which is the best one for you. By converting the APRs into APYs it allows you to make the best choice to maximize your returns.
Business
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The accounting analysis system is used to record the dual effects of each transaction.
a. true b. false
Business
The South Korean government has recently abandoned the "chaebol" industry structure in favor of the "keiretsu" structure
Indicate whether the statement is true or false
Business