If the nominal interest rate is 3 percent and the cost of going to the ATM is $1.50, someone who has a 12 percent probability of having his cash lost or stolen and has a total cost of holding cash equal to (547.50/T) + (0.375 ×T) spends ____ daily. Assume that the individual visits the ATM once in every T days.
A. $20
B. $15
C. $10
D. $5
Answer: D
Business
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A. [(y?y*)/ y*] × 100. B. [(y?y*)/ y] × 100. C. [(y*?y)/ y*] × 100. D. [(y*?y)/ y] × 100.
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Computing the average number of dollars college students have on their credit card balances exemplifies:
A) summarizing B) generalizing C) comparing D) relating E) type III error
Business
Describe the term heightened scrutiny. What do the courts use to determine which type of scrutiny to use?
Business
The three requirements to make an effective gift, are___________,___________, and ___________
Fill in the blank(s) with correct word
Business