If the amount of a loan is $13,500 and the interest rate is 6 percent what is the amount of the semiannual interest payment?

Revolving loans are credit lines

A. that allow the borrower to borrow the repeat credit only after the first loan is repaid. B. that specify a maximum size and a maximum period of time over which the borrower can withdraw funds. C. whose interest rate adjusts with movements in an underlying market index interest rate. D. on which a borrower can both draw and repay many times over the life of the loan contract. E. that include new and used automobile loans, mobile home loans, and fixed-term consumer loans.

Terms of trade refers to ________

A) the quantity of imports that a given quantity of a country's exports can buy B) specific requirements placed on imports and exports at the port of entry or exit C) requirements agreed upon by two countries to regulate bilateral trade D) an account statement showing a country's annual imports and exports