3 years ago

When banks provide information about savings accounts, they typically quote the interest rates they offer (e.g. 1%) on a...

Business

1 answer:

ra1l [238]3 years ago

6 0

Answer:

D. Annual basis

Explanation:

Banks and other financial institutions typically quote interest rates that they pay for deposits on an annual basis. This is to say, the quote the effective rate that is compounded annually, even if the interest is paid monthly, daily, quaterly, or semi-annually.

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