What is the present value of $100 two years from now at an interest rate of 6%?
A) $6
B) $89
C) $94.34
D) $106
Answer: B
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Refer to Table 3-2. The table above shows the demand schedules for cashews of two individuals (Jordy and Amy) and the rest of the market. If the price of cashews rises from $4 to $6, the market quantity demanded would
A) decrease by 39 lbs. B) increase by 33 lbs. C) decrease by 33 lbs. D) increase by 39 lbs.
Briefly describe the process of microlending
What will be an ideal response?
The Fed began paying interest on reserves in October 2008 . Holding all else constant, what effect would this have on the money supply?
Relative to a competitively organized industry, a monopoly is more likely to produce
A. more output, charge higher prices, and earn economic profits. B. less output, charge lower prices, and earn economic profits. C. less output, charge lower prices, and earn only a normal profit. D. less output, charge higher price, and earn economic profits.