1)An interest rate is a special type of?
a. loan
b. price
c. bank
d. service
2) How does a compound interest rate differ from a simple interest rate?
a. Compound interest rates pay more interest over time
b. Compound interest rates are calculated only once a year
c. Compound interest rates are usually lower that simple interest rates
d. Compound interest rates apply to home mortgages only
3) Rising demand for a certain type of car will probably lead to?
a. lower interest rates for all types of vehicles
b. lower interest rates for that type of car
c. higher interest rates for all types of vehicles
d. higher interest rates for that type of car
I'll be glad to check your answers.
1) a
2) a or d
3) b
@Ms.Sue?
1) a - No
2) a or d -- One of these is correct.
3) b - I doubt it.
1) b
2) a
3) c
@Ms.Sue?
1 and 2 are correct now.
Check your book for # 3.
What's the answer I'm so confused
the answers are
1. b
2. a
3. d
4. b