What type of interest rate is offered on a short term loan to a bank's best customer?
A) risk-based
B) deferred
C) prime
D) federal
E) inflationary
Answer: C
Explanation: Prime interest rate is the lowest rate of interest that banks charge for short-term loans to their most creditworthy customers.
Business
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A broker told prospective purchasers, "You will love living in this neighborhood." After experiencing problems with their new neighbors, they sued the broker for this false statement. A court would likely determine the statement was
A. criminal fraud. B. misrepresentation. C. puffing. D. none of these.
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Which is a requirement of a holographic will?
A. Verbal disposition B. Handwritten C. Witnessed D. Dated
Business