A decline in the expected inflation rate causes the demand for money to ________ and the demand curve to shift to the ________
A) decrease; right
B) decrease; left
C) increase; right
D) increase; left
B
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The discount on a note payable gradually becomes
a. interest expense. b. interest revenue. c. interest payable. d. interest receivable.
Standup meetings typically last about 1.5 hours in order to test the physical stamina and commitment of group members
Answer: FALSE
Big Mike has to prepare a bid for the swimming pools to be placed in every backyard in a new housing addition
Each swimming pool represents only a slight variation on the other, so there is a good opportunity to leverage learning effects in the bid process. A swimming pool installation can be broken down into four major steps: excavation, concrete, plumbing, and finish work. Mike has found the best contractors and asks each of them how long it will take to complete work on the first pool and what their learning rates are. Amazingly, each contractor is intimately familiar with learning curve theory and knows what his learning rate is for this type of work. This information is summarized in the table. Function First Pool Learning Rate Excavation 22 hours .95 Concrete 32 hours .90 Plumbing 10 hours .85 Finishing 30 hours .85 How long will it take to complete the 25th pool for the subdivision? How long will it take to complete all 25 pools for the subdivision?
Lenders Bank provides Mark with a mortgage to buy a home. The rate of interest is fixed for five years and then adjusts annually. This is A) a fixed-rate mortgage
B) an adjustable-rate mortgage. C) a workout agreement. D) a violation of the law.