A Forward Rate Agreement contains an agreed interest rate of 3.1% on a 6-month loan. If settled at the time of borrowing, what amount would the borrower pay or receive on a $500,000 loan if the prevailing 6-month interest rate is 2.9%?
A)
$1,000 payment
B)
$1,000 receipt
C)
$972 payment
D)
$972 receipt
Answer:
C
Business
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Sears department stores used to plant employees in competitor stores to perform research and analysis. Recently the company implemented a system that can search competitor websites and provide comparisons of price, promotions, and availability and the system is saving time, money, and resources. What type of system did Sears implement?
A. Shopping algorithm B. Shopping network C. Shopping logic D. Shopping bot
Business
________ represents the first step in helping a newly hired salesperson become a productive member of your staff
Fill in the blanks with correct word
Business