The prime rate is the base rate for any financial transaction. The prime rate is considered for each type of lending instruments by the bank. bank add a margin % over the prime rate and offer loan/instrument at the increased rate.
In the given case, the BestBank's Visa credit card discloses an A.P.R. of "Prime Rate + 5.74% to Prime Rate + 22.74%, which means the A.P.R is calculated on the basis of Prime rate and any change in prime rate will directly affect the A.P.R.
The Prime Rate has increased from 3.25% to 4.25%, it means the increase of 1%. Hence the A.P.R. Shall also increase by 1%.
Hence the correct answer is:
b. Increase in A.P.R by 1%
Answer:
An art
Explanation:
An art is a blank is a statement used to communicate ones feelings in a nonconfrontational manner.
Answer:
A employ sustainable business practices with regard to its employees and society.
Explanation:
Since in the question it is mentioned that for helping released prisoners they hired for the entry level jobs, resources are to be provides also at the same time they provides the training & education
So this represents that have business practices that are sustainable in nature with respect to the employees and society
Therefore the correct option is a.
Answer:
RL intends to and has demonstrated the ability to refinance the short term liability on a long term basis.
Explanation:
First of all, RL intends to refinance the short term liability but has not completed the process yet. What it is showing in the balance sheet is that they have the intention to do it, and that they have already negotiated with their debtors the refinancing procedure, but the procedure is not over yet. Refinancing a debt sometimes may take a long time specially due to legal paperwork (e.g. register an asset as collateral), but RL is showing that the process has already been agreed upon with the creditors and all they need is time to finish it.
