What does LIBOR stand for?
A) London Interbank Offer Rate
B) Least Integral Borrowing Order Rate
C) Local Interest Bank Ongoing Rate
D) Liberalized Interoffer Borrowing Rate
A
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A change in consumer preferences will shift the budget line.
Answer the following statement true (T) or false (F)
Yolanda received a $100 savings bond for her birthday. The bond pays $100 at maturity, which is in five years. If the interest rate is 3%, the bond has a present value of $86.26
Indicate whether the statement is true or false
Pension plans in which employee benefits are set by the plan and the employer contributions are adjusted to meet those benefits is called a
A) defined benefit plan. B) defined contribution plan. C) a fully vested plan. D) an unfunded plan.
If the exchange rate of dollars for euro is .75 euro to $1, then the exchange rate of euro for dollars is
A. 1.33 (1/.75) dollars per euro. B. -.25 (.75-1) dollars per euro. C. .25 (1-.75) dollars per euro. D. not knowable from this data.