The international monetary fund is an organization that is made up of 190 countries whose goals are to build international trade, promote economic development, and reduce poverty in the world.
The International Monetary Fund is a committee of many nations that are committed to developing the economy of their nations.
- The goal is to reduce poverty and encourage international trade among nations.
- They assist nations whose economies are struggling with loans that can help them wade through their difficult times.
Summarily, the IMF aims to reduce poverty in the world.
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When the individual calculates the effective rate of the loan, the most appropriate statement is the effective rate will exceed the nominal rate.
<h3>What is effective annual rate?</h3>
The effective annual rate (EAR) is the interest rate for the entire year. Interest Charges Interest expense is incurred when a corporation funds itself with debt or capital leases.
Interest appears on the income statement, but it can also be earned on an investment or paid on a loan as a result of compounding interest over time.
It is usually higher than the marginal rate and is used to evaluate different financial products with varying compounding periods - weekly, monthly, yearly, and so on.
When the number of compounding periods is increased, the effective yearly interest rate rises over time.
Therefore, the correct option is A.
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Answer:
If you get hit head on by a school bus going 60mph while walking home, you will most likely die!
Answer:
nails, glue, and thread
are examples of indirect materials
The Sarbanes-Oxley Act of 2002 was used to curb accounting fraud by improving financial disclosure of corporations, and checking and fixing frauds if they were found.
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