The personality dimensions mentioned in the question all refer to the Five Factor Model; with one of the dimensions missing, which is neuroticism. A person with high levels of (C) conscientiousness would make the best financial decisions, mainly because they are well-organized and prudent about things, which also translates to how they manage their finances.
Answer:
27.14%
Explanation:
EFF ( effective annual interest rate) = ( 1 + ( rate / number of periods)^n -1 = ( 1 + ( 0.2425 / 12)^12 -1 = 0.2714 = 27.14% where rate = 24.25% and number of periods = 12 months
A savings account you can redraw from, while a certificate of deposite has to be left alone for a certain while, and it ussually gains more interest.
An instrument that has no room for endorsements : Can have a separate piece of paper firmly attached to it with an endorsement (Allonge)
Option C
Explanation:
An allonge is a piece of paper attached to an exchange bill or promissory note on which the instrument itself can not be approved.
An allonge is a paper slip issued as a bill of trade to a negotiable device in order to receive additional permits for which there may be inadequate room on the bill itself. A description of the length of time is assumed to be written on the bill itself.
If the instrument doesn't have space, a note can be written on a different (called an allonge) piece of paper that is securely attached. The instrument requires a paper firmly attached to a negotiable instrument.
