Which of these gives the lowest effective rate of interest ?

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One banker’s year is equivalent to ________________ days?

A. 300 B. 360 C. 365 D. 366...

What is considered as the standard unit which forms the basis of a country’s domestic money supply ?

A. Monetary unit B. Currency C. Foreign exchange D. Cash or check...

A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year ?

A. P693.12 B. P700.12 C. P702.15 D. P705.42...

In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes ?

A. Straight line method B. Sinking fund method C. Sum-of-year digit method D. Declining balance method...

What is a measure of the average speed with which accounts receivable are collected ?

A. Current ratio B. Quick ratio C. Acid test ratio D. Receivable turnover...