The mathematics of amortization for mortgage loans must utilize the
A. period of time over which the debt will be repaid.
B. borrower's ethnicity.
C. borrower's marital status.
D. all of the options are correct.
Answer: A
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The systemic costs and burdens that inflation imposes upon a society are almost entirely the result of
A) government price controls. B) inability to predict its rate and timing. C) the fact that no one can ultimately gain from higher prices because everyone is a consumer. D) the lag between the rise of wage costs and the subsequent rise of prices. E) the lag between the rise of prices and the subsequent rise of wages.
If additional units of a good could be produced at an increasing opportunity cost, the production possibilities frontier would be linear
Indicate whether the statement is true or false
There are no gainers from discrimination
Indicate whether the statement is true or false
One potential problem with having private currencies-such as "Bank of Sam" dollars and "Bank of Fred" dollars-is that it will be difficult for individuals to
A. compare Sam dollars to Fred dollars. B. keep both Sam dollars and Fred dollars in their wallets. C. discourage both Sam and Fred from inflating their currencies. D. trade Sam dollars for Fred dollars.