Payment order, originator, and bene?ciary are terms associated with electronic transfers

A credit card company charges its customers an annual interest of 21.0% on the outstanding monthly balance. The effective annual rate for the customer will be:

A) 23.14% B) 37.93% C) 21.00% D) 21.20%

The exporter usually first issues a quotation or pro forma invoice upon request by potential customers

Indicate whether the statement is true or false