After taking out a one year loan with an annual interest rate of 10 percent, Tommy pays $3,300 back to the bank. The principal of the loan must be ___________ and the interest payment must be ___________.
A. $3,000; $300
B. $3,300; $300
C. $300; $3,300
D. $300; $3,000
A. $3,000; $300
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Everything else held constant, if a central bank makes an unsterilized ________ of foreign assets, then the domestic money supply will decrease and the domestic currency will ________
A) purchase; appreciate B) purchase; depreciate C) sale; appreciate D) sale; depreciate
________ in the domestic interest rate causes the demand for domestic assets to increase and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate
Streaming Netflix movies would be considered:
A. an artificially scarce good. B. a public good. C. a common resource. D. a private good.
Scarcity is determined by the existence of bad alternatives.
a. true b. false