A judge requires Harry to make a payment to Sally. The judge says that Harry can pay her either $10,000 today or $11,000 two years from today. Of the following interest rates, which is the lowest one at which Harry would be better off paying $11,000 two years from today?
a. 2 percent
b. 3 percent
c. 4 percent
d. 5 percent
d
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Michigan Radio is the state's most listened-to public radio service, attracting approximately 400,000 listeners each week. The on-air fundraiser, which ran during October 2010, generated over 7400 pledges from donors
The money raised helps pay for programming costs at the station, with membership support being the single largest source of income. The 392,600 listeners who did not call and donate can be classified as what? A) free riders B) marginal beneficiaries C) rival consumers D) rationally ignorant
If the amount payable in two years is $2420 for a simple loan at 10 percent interest, the loan amount is
A) $1000. B) $1210. C) $2000. D) $2200.
What has been the approach of the European Central Bank to monetary targeting?
What will be an ideal response?
Suppose that your income during Year X was $50,000, and the CPI for Year X was 150 (base year = Z=100). Back in Year Z your income was $30,000. Has your real income increased or decreased from Z to year X? By how much?
A. Increased by $5,000. B. Increased by $3,333. C. Decreased by $5,000. D. Decreased by $3,333.