If a person saves $1,000 . how much will she have at the end of three years if the market interest rate is 6 percent?
a. $1,060
b. $1,135
c. $1,156
d. $1,191
e. $1,600
D
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The price of gold should be ________ to the expected inflation rate
A) positively related B) negatively related C) inversely related D) unrelated
A monopolist can charge any price it wants to for a product, because it has no competitors. What constrains price for a monopoly?
a. Demand b. Copyright c. Quality d. Quantity
Which of the following would not cause a shift in the supply curve for a good?
A. An increase in demand for that good. B. An increase in the cost of labor used to produce that good. C. A change in the cost of raw materials used to produce that good. D. A decrease in the cost of machinery used to produce that good.
Which of the following countries has adopted the U.S. dollar as its own currency?
A) Ecuador B) Mexico C) Canada D) France E) Australia