The APY can never be the same as the APR

Indicate whether this statement is true or false.

Answer: FALSE

Business

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An irrevocable letter of credit transfers the payment obligation for an export deal from the buyer to the buyer's:

A) in-house export organization. B) bank. C) freight forwarder. D) credit union. E) checking account.

Business

All of the following are examples of a weak control environment EXCEPT:

A) a domineering CEO. B) a weak or conflicted Board of Directors. C) lax ethical practices. D) proper segregation of duties.

Business