Suppose a U.S. citizen invests $1,000 to purchase a one-year Japanese bond that has an interest yield of 10 percent. If the dollar appreciates 20 percent against the Japanese yen by the maturity date, the dollar value of the proceeds is _____
a. $900
b. $1,100
c. $1,300
d. $1,500
e. $1,200
a
Economics
You might also like to view...
OSHA has improved worker safety
Indicate whether the statement is true or false
Economics
An important contributor to rising U.S. health care costs in recent years is
A) less interest on the part of Americans to stay physically fit. B) the increasing proportion of the population that smokes. C) an easing of standards at medical schools that has permitted unqualified people to become physicians. D) the aging of the population.
Economics
Jobs in rural areas generally pay lower wages than jobs in urban areas because there are limits to labor mobility
a. True b. False
Economics
Explain how derivates were used to increase risk making the financial crisis of 2007-2009 more severe
Economics