The interest rate:
A. is expressed as a percentage per dollar borrowed and per unit of time.
B. exists only because lending is risky.
C. tells us how much less money is worth today than in the future.
D. All of these statements are true.
Answer: A
You might also like to view...
Applied research: a. is designed to answer particular questions
b. is more open-ended than basic research. c. contributes less to visible output changes than does basic research. d. is research done by a firm to market a good. e. is research done by a firm during the production of a good.
Firms in Saudi Arabia sell oil to the U.S. Other things the same, these oil sales
a. increase Saudi net exports and net capital outflow. b. decrease Saudi net exports and net capital outflow. c. increase Saudi net exports and decrease Saudi net capital outflow. d. decrease Saudi net exports and increase Saudi net capital outflow.
Use marginal-utility analysis to explain why the growing popularity of i Pads over laptop and desktop computers
Please provide the best answer for the statement.
The way that a society allocates resources to satisfy human wants is called
A. an assumption. B. ceteris paribus. C. realism. D. an economic system.