Which of the following is the correct way to compute the future value of $X that earns r percent interest for N years?

a. $X(1 + rN)N
b. $X(1 + r)N
c. $X(1 + rN)
d. $X(1 + r/N)N


b

Economics

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A. increase. B. decrease. C. not change. D. Uncertain-economic theory has no answer to this question.

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A consumption possibilities curve shows the combinations of two goods that can be consumed when a nation specializes in producing a particular good and trades with another nation

Indicate whether the statement is true or false

Economics

Unemployment rates tend to be highest during periods of:

A. recession. B. static movement. C. economic boom. D. recovery.

Economics

For a bank to earn as much profit as possible, its excess reserves should be:

A. equal to its required reserves. B. as small as possible. C. less than its vault cash. D. growing at a constant rate.

Economics