All of the following create a demand for funds except:

Which of the following is true of a completed worksheet?

A) The total debits in the unadjusted trial balance column equal the total debits in the adjusted trial balance column. B) The total debits in the income statement column equal the total credits in the balance sheet column. C) The total debits in the income statement column equal the total debits in the balance sheet column. D) The total of all the debit columns is equal to the total of all the credit columns.

One discount point will increase a lender's effective yield by approximately

a. 1?4%. b. 1?8%. c. 1?2%. d. 1%.