In describing the difference between a transaction-broker and an agent, the agent could be described as a(n)

a. third party
b. competent professional
c. professional administrator
d. advocate

Answer: d. advocate

Business

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Which of the following statements, if any, is correct concerning the relationship between an effective interest rate and a nominal interest rate:

A: The effective rate is the rate the buyer will pay; the nominal rate is the rate named in the loan application; B: The effective interest rate is always lower because the nominal interest rate includes charges other than interest; C: The effective interest rate is the rate actually paid by the borrower for the use of the money; the nominal interest rate is the rate specified in the note; D: None of the above is correct.

Business

The ________ nodes have probabilities associated with them in a decision tree

Fill in the blanks with correct word

Business