The outcome of the Civil War in the United States was that:
a. the Confederates were allowed to keep their currency.
b. the value of the Confederate dollar increased at the end of the war.
c. the Confederate dollar became worthless.
d. the North's currency declined in value.
Ans: c. the Confederate dollar became worthless.
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A) money market deposit accounts; time deposits B) checkable deposits; savings accounts C) savings accounts; checkable deposits D) savings accounts; time deposits
At a discount rate of 10 percent, what is the net present value of an investment expected to yield $1,000 per year (to be received at year end) for the next two years?
a. $1,859.41 b. $1,801.23 c. $1,735.54 d. $1,527.78
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a. 2 b. 4 c. 6 d. 8 e. 10
Tobin’s q may be interpreted as a measure of
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