Refer to the scenario above. The time value of the amount deposited is:
A) $300.
B) $1,000.
C) $1,300.
D) $2,300.
A
You might also like to view...
How is real seignorage revenue related to inflation? How does the quantity of real seignorage revenue change as inflation rises from zero to a positive level, to still higher levels?
What will be an ideal response?
When two goods have negative cross elasticities of demand and negative income elasticities, they are: a. Normal and substitutes
b. Normal and complements. c. Inferior and substitutes. d. Inferior and complements.
The rent earned on marginal land is
a. zero. b. the average of all qualities of land. c. above the average of all qualities of land. d. below the average of all qualities of land.
Positive economics
A. always gives an optimistic spin to economic news. B. was not used by nineteenth century economists. C. is concerned with the economic policies that should be implemented. D. is objective.