Usury laws protect borrowers from paying excessively high interest rates
Indicate whether the statement is true or false
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In the two-period model, suppose a household's income in the first period is $40,000, income in the second period is $50,000, and the real interest rate is 25 percent. What is the maximum amount that the household would be able to spend in the first period?
A. $40,000 B. $50,000 C. $80,000 D. $100,000
________ is a measure of accuracy of an experiment. It measures whether the manipulation of the independent variables, or treatments, actually caused the effects on the dependent variable(s)
A) External validity B) Extraneous validity C) Internal validity D) None of the above
The purpose of process control is to:
A) make sure the process does not stop. B) show when there is a high probability of an assignable cause for defect. C) self-correct the process. D) help designers develop the steps to automate a process. E) all of the above
A 10-year bond with a $1,000 face value and 6% coupon rate is currently selling in the bond market for $1,200. Its current yield is
A) 5%. B) 6%. C) 8%. D) 10%.