When you were 10 years old, your grandparents put $500 into an account for you paying 7 percent interest. Now that you are 18 years old, your grandparents tell you that you can take the money out of the account. What is the balance to the nearest cent?
a. $1,200.00
b. $1,111.77
c. $983.58
d. $859.09
d
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Suppose the natural rate of unemployment is 5%, with full-employment output of $7000 billion. Use Okun's Law to calculate the level of national output if the unemployment rate is 7%
What will be an ideal response?
The advent of money market mutual funds is __________ the trend of "institutionalization," in which a __________ percentage of financial assets are directly owned by individuals
A) part of; growing B) part of; shrinking C) not a part of; growing D) not a part of; shrinking
Which of the following is most important for the achievement of higher income levels and living standards?
What will be an ideal response?
Concern about the ability of independent foreign firms to maintain product quality
A. is an inherent disadvantage faced by the multinationals. B. makes FDI preferable to licensing firms in the foreign markets. C. makes licensing firms in the foreign markets preferable to foreign direct investment (FDI). D. often results in the formation of a license agreement between a foreign firm and a multinational enterprise.