The written confirmation rule requires that both parties to an oral agreement send written confirmation of the sale or lease

Of the following statements, if any, which is correct concerning the relationship between the effective interest rate and a nominal interest rate:

a. 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. b. the effective interest rate is the rate the buyer will pay. The nominal rate is the rate named in the loan application. c. the effective interest rate is always lower because the nominal interest rate includes charges other than interest. d. none of the above

What is the likelihood of finding a price of $3.68 or less for a gallon of gasoline from a normally distributed population of gas prices? Assume ? = $3.78 and ? = $0.05

A) 0.4772 B) 0.0793 C) 0.4207 D) 0.0228