What is the best definition of legal tender?
a. a medium of exchange that has been established through custom or tradition
b. a medium of exchange that the government has officially declared to be money
c. money that is in the form of metallic coins and printed paper
d. money that is backed by the gold standard
b. a medium of exchange that the government has officially declared to be money
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If the present value of an individual's savings account is $100,000, what is its future value in 5 years if the account earns an annual interest rate of 2 percent?
A) $112,125.40 B) $109,582.03 C) $110,250.00 D) $110,408.08
Suppose a little girl likes peanut butter and jelly sandwiches with exactly 2T of jelly and 1T of peanut butter. Suppose further that her mom agrees to make sandwiches to those exact specifications and the price of peanut butter is $.25/T and the price of jelly is $.10/T. If she has $1.80 to spend on peanut butter and jelly ingredients (ignore the bread) in a week, how many sandwiches will she
make? a. 1 b. 2 c. 4 d. 8
Development assistance is designed to spur population growth in poor countries
a. True b. False Indicate whether the statement is true or false
Who of the following would be counted as unemployed in Canada?
A) Sharon is a college student with no job. B) Doris only works five hours a week but is looking for a full-time job. C) Maurice has been laid off from his job for 20 weeks but expects to be called back soon. D) Bogdan has been laid off from his job but does not expect to be called back, and is not looking. E) Kanhaya has stopped looking for work since he was unable to find a suitable job during a two -month search.