Harry's employer offers a "Holiday Account," which means they will take $50 a month out of Harry's paycheck and deposit it into this account throughout the year. In December, they give Harry the money in the account to spend during the holidays. Setting up such accounts:
A. ignores the fungibility of money.
B. is irrational.
C. creates a false distinction of money for employees like Harry.
D. All of these are true.
D. All of these are true.
You might also like to view...
China's population is over 1.5 billion, while the population of the United States is about 300 million. This fact means that China has much more human capital than the U.S. does. True or false? Explain your answer
Indicate whether the statement is true or false
The interest rate is 8 percent. The present value of $110 three years from now equals
A) $101.85. B) $94.31. C) $118.80. D) $128.30.
All of the following are nontransaction deposits EXCEPT
A) savings accounts. B) small-denomination time deposits. C) checkable deposits. D) certificates of deposit.
An accountant may amortize the expense of a durable good by dividing the total amount spent on the good by the number of years the good is expected to last
An economist may amortize the expense of a durable and never fully account for the total expense. Indicate whether the statement is true or false