MCQ-REMUNERATIVE RATE OF INTEREST AND ACCUMULATIVE RATE OF INTEREST
1. The remunerative rate of interest is primarily intended to: A) Cover inflation B) Compensate the lender for the opportunity cost of lending C) Encourage savings D) Reduce the risk of default Answer: B) Compensate the lender for the opportunity cost of lending 2. Accumulative rate of interest is most closely related to: A) Simple […]
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