Which of the following is closest to the future value of a $100 deposit earning 5 percent interest annually after 5 years?
A. $125
B. $128
C. $1,268
D. $105
B. $128
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While many developing countries have reformed their economies in order to imitate the success of the successful industrial economies, the process remains incomplete and most developing countries tend to be characterized by all of the following EXCEPT
A) seigniorage. B) control of capital movements by limiting foreign exchange transactions connected with trade in assets. C) use of natural resources or agricultural commodities as an important share of exports. D) a worse job of directing savings toward their most efficient investment uses. E) reduced corruption and poverty due to limited underground markets.
Which of the following institutions can not borrow from the Federal Reserve at the discount window?
A) Thrift institutions B) Member banks C) Nonmember banks D) Life insurance companies
Which of the following best fits the definition of unemployed?
A) retired and not working B) working less than a full work week C) not working but looking for a job D) not working at a gainful pursuit, either in or out of the home
Equilibrium price is _____ and equilibrium quantity is ______ units.
A. $12; 20
B. $12; 30
C. $20; 20
D. $20; 30