A credit card that charges a monthly interest rate of 1.5% has an effective annual interest rate of:
A. 15.0%
B. 18.0%
C. 19.6%
D. 17.50%
Answer: C
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In a country with floating exchange rates and high capital mobility, an increase in government spending will be
A) less effective than with low capital mobility. B) highly effective. C) not effective at all. D) harmful to the growth of real incomes.
What would the Herfindahl-Hirschman Index equal for an industry consisting of six firms with market shares of 40 percent, 30 percent, 20 percent, 5 percent, 3 percent, and 2 percent?
A. 0.95 B. 2.934 C. 2,938 D. 10,000
Some claim that the long and agonizing periods of speculation preceding exchange rate realignments would
A) not occur under fixed exchange rate regime. B) not occur under floating. C) become more severe under currency board. D) become less severe under floating. E) be prolonged under floating.
Deadweight loss is the result of:
a. disequilibrium. b. underproduction. c. overproduction. d. all of these are correct.