The account number 13 tells you that the account
a. is the 13th account in the ledger.
b. is the first account in the third division.
c. is the third account in the first division.
d. was posted on the 13th day of the month.

Which of the following is an effective strategy when interest rates are falling? a. use long-term loans to take advantage of current low rates. b. use short-term loans to take advantage of lower rates when you refinance a loan. c. deposit to a short-term savings instrumentals to take advantage of higher interest rates when they mature. d.select short-term savings instruments to lock in earnings at a current high rates.