Orange Computers, Inc., is planning to spend $200,000 on the promotion of its new portable music player next year. The current market interest rate is 5 percent. What is the present value of this promotional budget?
A. $175,146
B. $185,123
C. $190,476
D. $200,000
C. $190,476
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Which of the following is a factor influencing the demand for money?
A) transactions demand B) precautionary demand C) asset demand D) All of the above are correct.
A circular-flow model and production possibilities frontier are similar in that
a. neither allows economic analysis to occur. b. neither can be represented visually on a graph. c. both make use of assumptions. d. both make use of complex equations to arrive at solutions.
General Motors? (GM) is the largest United Statesdash-based auto manufacturing corporation. Who is the highest ranking officer at? GM?
A. Chief executive officer B. Chief operating officer C. Chief financial officer D. Chief information officer E. Chairman of the board
The transaction demand for money comes mostly from the fact that:
A. money is a store of value. B. money is a medium of exchange. C. money is a unit of account. D. money has low opportunity cost.