You put $75 in the bank one year ago and forgot about it. The bank sends you a notice that you now have $81 in your account. What interest rate did you earn?
a. 5 percent
b. 6 percent
c. 7 percent
d. 8 percent
d
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A swap that involves the exchange of one set of interest payments for another set of interest payments is called
A) an interest rate swap. B) a currency swap. C) a swaption. D) an international swap.
The marginal propensity to consume is
a) consumption divided by disposable income b) national income divided by consumption c) the change in national income caused by a $1 change in consumption d) the change in consumption caused by a $1 change in disposable income e) the percentage increase in consumption caused by a 1% decrease in savings
Foreign direct investment is any investment made in a country by residents outside that country.
Answer the following statement true (T) or false (F)
Macro equilibrium is established at which price level, given AD1 and AS1 in Figure 8.3?
A. P1. B. P2. C. P3. D. P4.