A saver knows that if she put $95 in the bank today she will receive $100 from the bank one year from now, including the interest she will earn. What is the interest rate she is earning?
A. 5.26%
B. 5.52%
C. 5.10%
D. 6.00%
Answer: A
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Based on the data in Table 3.1, if Jesse and April choose to specialize and trade, then
A) April will specialize in painting snowboards and trade snowboards for kites. B) Jesse will specialize in painting snowboards and trade snowboards for kites. C) April will specialize in painting kites and trade kites for snowboards. D) None of the above; specialization and trade are not beneficial for Jesse and April.
If a union can successfully shift the demand curve for union labor rightward, the union can achieve
A) an increase in wages and employment. B) an increase in wages but a decrease in employment. C) an increase in employment but a decrease in wages. D) a decrease in both employment and wages.
Market structure
a. has no influence on a firm's decision making b. applies only to industries regulated by the government c. is determined entirely by demand conditions in the industry d. influences the forms of competition among firms e. does not affect product price or quantity of output
In a firm's planning horizon, the long run refers to
a. a period of one year or more b. the term to which the current board of directors has been elected c. the period during which all of the firm's inputs can be varied d. the period during which at least one of the firm's inputs is fixed e. the period during which the level of available technology is fixed