If you pay $4,888 for a $5,000 face value one-year Treasury bill, what is the rate of interest you will receive?
A) 1.02%
B) 2.29%
C) 4.46%
D) 9.78%
B
Economics
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A perfectly competitive industry always has a perfectly elastic (flat) long-run supply curve
a. True b. False Indicate whether the statement is true or false
Economics
Inferior goods are low quality goods that people prefer to buy less of
a. True b. False Indicate whether the statement is true or false
Economics
Traveler's checks have no reserve requirements and are included in M1. When people travel during the summer and convert some of their checking account deposits into traveler's checks, explain what happens to the monetary base.
What will be an ideal response?
Economics
In general, the riskier the investment, the _____________________ the potential profit rate.
Fill in the blank(s) with the appropriate word(s).
Economics