You deposit X dollars into a 3–year certificate of deposit that pays 4.75 percent annual interest. At the end of the 3 years you have $4,229.70 . What number of dollars, X, did you deposit?
a. $3,680.00
b. $3,712.77
c. $3,750.00
d. $3,772.57
a
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If the rate of inflation is 4 percent and the real interest rate is 3 percent, the nominal interest rate should be
A. 1 percent B. 4 percent C. 7 percent D. 11 percent
Describe the role of the President in the budgetary process prior to 1921 and the President's role in the budgetary process after 1921 . Explain why this change in process might have made sense
What will be an ideal response?
?Any movement along an existing production possibilities curve will
a. increase the production of one good while decreasing the production of the other.
b. increase the production of both goods
c. increase efficiency.
d. increase employment.
Two nations have the following production capacity given their endowment of resources. Country A can produce 50 units of beer or 80 units of pizzas. Country B can produce 100 units of beer or 90 units of pizzas. Which of the following statements is most appropriate?
A. Country A has a comparative advantage in beer and Country B has an absolute advantage in pizzas. B. Country A has a comparative advantage in pizza and Country B has a comparative advantage in beer. C. Country A should specialize in pizza and Country B in beer making. D. Both answers b and c are correct.