Suppose a person has a discount rate of zero. This implies she
A) places no value on the future.
B) places no value on the present.
C) values the present and the future equally.
D) would not lend money at any positive interest rate.
C
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The worst weekly decline in U.S. stock market history occurred during the week beginning with ________
A) March 20, 1933 B) December 7, 1941 C) September 12, 2001 D) October 6, 2008
A rational person maximizes
A) risk. B) return. C) expected utility. D) return variance.
The average standard of living for poor countries will not increase if the population growth exceeds economic growth.
Answer the following statement true (T) or false (F)
Suppose you deposit $1,000 cash in your checking account at a bank. If the bank is loaned up and if the required reserve ratio is 10%, the maximum amount that the bank can lend now, following your deposit is
A) $100. B) $900. C) $1,000. D) $10,000.