The vertical axis of a graph shows only positive values
Indicate whether the statement is true or false
FALSE
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If you want to have $50,000 in 5 years, how much would you need to put in your savings account now if the savings account pays 3 percent interest?
What will be an ideal response?
The interest rate that equates the present value of payments received from a debt instrument with its value today is the
A) simple interest rate. B) current yield. C) yield to maturity. D) real interest rate.
During a recession the:
a. actual budget deficit is smaller than the structural budget deficit. b. cyclical budget deficit is larger than the structural budget deficit. c. actual budget deficit is larger than the structural budget deficit. d. structural budget deficit is larger than the cyclical budget deficit. e. none of the above.
Nominal wages can be converted into real wages by
a. multiplying the nominal wages by the CPI. b. adding the CPI to the nominal wages. c. subtracting the CPI from the nominal wages. d. dividing the nominal wages by the CPI.