If an individual invests $20 in a bank deposit promising an interest of 12 percent per annum, compounded annually, he will receive $40 after 8 years
Indicate whether the statement is true or false
F
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What are the three types of advocacy?
Compared to the fixed-price/fixed-wage model, in the Keynesian model with a flexible price but fixed wage, an increase in the money stock will cause output to rise by
a. less while the interest rate will fall by more. b. less and the interest rate to fall by less. c. more but the interest rate to fall by less. d. more and the interest rate to fall by more.
Which of the following statements is consistent with the theory of liquidity preference?
What will be an ideal response?
The demand and supply of two countries' currencies determine
A. the MPM for each country. B. the trade balance for each country. C. a flexible exchange rate between the two countries. D. a fixed exchange rate between the two countries.