Which of the following statements is (are) true with respect to the time value of money? I. Money received today is worth more than the same amount of money received in the future. II. The present value of a future amount is greater than the future amount
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
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Under which of the following options does the Fed offer reserves to banks through a competitive auction process?
A. Term deposit facility B. Discount lending C. Quantitative easing D. Safety vault facility
Customers should be billed for back-orders when
a. the customer purchase order is received b. the backordered goods are shipped c. the original goods are shipped d. customers are not billed for backorders because a backorder is a lost sale
While writing a customer satisfaction survey, the marketing director for Brand X Bank created a set of questions that customers would answer by circling a number between 1 and 7. The number 1 meant that the customers were very dissatisfied by that aspect of the experience, whereas 7 meant that they were very satisfied. The director is using ________ questions to collect this information.
A. observational B. closed-ended C. qualitative D. open-ended E. behavioral
The life expectancy of a particular brand of tire is normally distributed with a mean of 40,000 and a standard deviation of 5,000 miles. What is the probability that a randomly selected tire will have a life of exactly 42,500 miles?
A. 0.0000 B. 1.0000 C. 0.5000 D. 0.9500