Refer to the table representing Darcy's bank account. Assuming that $1,000 was deposited into her account at the beginning of year 1, and no further deposits or withdrawals were made, the $1,191 value at the end of year 3 represents the:
A. discounted value of the $1,000 deposit made at the beginning of year 1.
B. present value of the $1,000 deposit made at the beginning of year 1.
C. future value of the $1,000 deposit made at the beginning of year 1.
D. present value of the interest earned over the three-year period.
C. future value of the $1,000 deposit made at the beginning of year 1.
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If a sum of $15,000 is borrowed at 13% for a year, the interest paid by the borrower is ________
A) $750 B) $1,000 C) $1,950 D) $5,500
The existence of counterparty risk
A) has no effect on the contracting parties. B) is disallowed under current government regulations. C) results in information costs for buyers and sellers when analyzing the potential creditworthiness of potential trading partners. D) reduces the risk introduced by forward contracts.
The act of selling goods abroad at a price below their cost and below the price charged in the domestic market is called
A) dumping. B) slumping. C) export manipulation. D) constraining. E) none of the above
Each of these is a craft union except
A. the plumbers' union. B. the textile workers' union. C. the musicians' union. D. the air traffic controllers' union.