If a one-year bond is purchased for $400 and the interest rate is 8 percent, what will it pay in one year?
A) $48 B) $368 C) $400 D) $432
D
You might also like to view...
Currencies of different countries are traded in the so-called
A) money market. B) foreign exchange market. C) capital account. D) current account.
The phone network says it loses money on local calls, because the $20 average monthly bill does not cover its average cost of $30. It estimates that $18 of costs are directly related to local service, with $12 the share from overall expenses (overhead). Why would the phone network be willing to operate if it is losing money?
What will be an ideal response?
Fractional reserve banking began as a result of the search for additional profits
a. True b. False Indicate whether the statement is true or false
An explanation for the "inverted U" is that increased industrialization and growth initially ________ the environment, and in the long run, environmental quality ________.
A. improves; improves even more B. degrades; continues to get worse C. improves; gets worse D. degrades; improves