You will agree to lend your sister's grandma's daughter $2,000 for a year, if at the end of the year she pays you $2,200. The interest rate you are charging her is
A. 1.1%.
B. 9.09%.
C. 10%.
D. 20%.
Answer: C
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People who reject all theories because they prefer to rely on experience
A) actually rely on unrecognized theories. B) don't know any theories and are trying to cover up their ignorance. C) tend to accomplish more but also to make more mistakes. D) tend to make fewer mistakes but also to accomplish less. E) value science more than theory.
Even though household have wide-ranging preferences, discuss some of the things that all households have in common including their constraints
What will be an ideal response?
Price ceilings cause
a. Some suppliers to drop out of the market as they cannot charge the price they were earlier charging b. A reduction in the quality of the product c. The creation of black markets d. All the above
If a government started with a budget deficit and moved to a surplus, domestic investment
a. and the real exchange rate would rise. b. and the real exchange rate would fall. c. would rise and the real exchange rate would fall. d. would fall and the real exchange rate would rise.