At which interest rate is the present value of $260.10 two years from today equal to $250 today?
a. 2 percent
b. 3 percent
c. 4 percent
d. 5 percent
a
You might also like to view...
If disposable income were to rise from $4,000 to $5,000
A. induced consumption would fall. B. induced consumption would stay the same. C. induced consumption would rise. D. there is not enough information to determine whether induced consumption would rise, fall or remain the same.
Using concentration ratios, which is the more concentrated industry?
A. Industry X with a concentration ratio of 80.
B. Industry Y with a concentration ratio of 95.
C. Both industries have the same concentration ratio of 100.
D. There is no way to determine which industry has the higher concentration ratio.
When a nation joins the IMF, it deposits funds into an account. These funds have a value based on a weighted average of
A. the Russian ruble, the British pound sterling, the Japanese yen, and the U.S. dollar. B. the euro, the British pound sterling, the Japanese yen, and the U.S. dollar. C. the euro, the British pound sterling, and the Chinese yuan. D. the Russian ruble, the British pound sterling, the Chinese yuan, and the U.S. dollar.
If the personal savings rate rose to 10%
A. our current account deficit would probably fall. B. our current account deficit would probably rise. C. our current account deficit would be unaffected.