If the interest rate is 10%, then $1 received one year from now is worth how much today?
A) $1.10
B) $1
C) 91¢
D) 90¢
C
Economics
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Enacting a law controlling rents near a major university will increase the affordable housing for college students.
Answer the following statement true (T) or false (F)
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Transfer payments are money received as grants from government
a. True b. False Indicate whether the statement is true or false
Economics
If the marginal propensity to consume is 0.7 and if output increases by $200, then consumption spending
A) increases by $70. B) decreases by $70. C) increases by $140. D) decreases by $140.
Economics
For each of the following cost functions, find MC, AC, and AVC
a. TC = 20,000 + 10 Q b. TC = 18,000 + Q + 0.2 Q2
Economics