An investor in an index fund earning 12.3% per year would see an investment of $10,000 increase to approximately ____ in 25 years
a. $11,000
b. $48,000
c. $54,000
d. $170,000
d
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What term refers to the idea that society has limited resources and therefore cannot produce all the goods and services people wish to have?
a. inefficiency b. inequality c. scarcity d. market failure
Suppose you are a borrower and you expect inflation to be 6 percent over the next year because inflation was 6 percent in the last year. If you do not want to pay more than 2 percent in real terms for any loan you take out, you will not borrow if the interest rate is greater than:
A. 8 percent. B. 6 percent. C. 30 percent. D. 2 percent.
an expansionary monetary policy will cause the dollar to...... and will....... Canadian net exports
What will be an ideal response?
The fact that 10 additional nations joined the European Union in May 2004 is an example of deepening
Indicate whether the statement is true or false