Tom deposits funds in his savings account at the bank which is paying 3.5% interest. If he keeps his funds in the bank for one year he will have $155.25. What amount is Tom depositing?
A. $151.75
B. $147.50
C. $148.75
D. $150.00
Answer: D
You might also like to view...
Briefly describe the different conditions which affect the value of a real option
A potential drawback to the big-push strategy in LDCs is that
a. supply bottlenecks may occur that would undermine the all-at-once development process b. there is a problem in choosing which sectors to develop first c. private firms will avoid making the planned investment d. it calls for vast movements of resources, including labor, which may not be possible because people are disinclined to move e. it depends primarily on foreign aid which has proved to be an unreliable source of investment funding
Risk in finance means:
A. Mostly positive outcomes B. Mostly negative outcomes C. Either positive or negative outcomes D. The same thing as risk in health science
If the economy is operating on the relatively vertical segment of the aggregate supply curve, an increase in aggregate demand causes a ________ change in the price level and a ________ change in output.
A. big; big B. big; small C. small; big D. small; small