The key to present value calculations is that they
A) are appropriate only for funds in the same time period.
B) provide a common unit for measuring funds at different times.
C) provide accurate answers only in a low-inflation environment.
D) provide accurate answers only in a high-inflation environment.
B
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Which of the following was an objective of the framers of the Federal Reserve System?
A) Decentralized power B) Executive branch power C) Elimination of private-sector influence D) Consolidation of the banking industry
Which of the following type of shops is unlawful under the provisions of the Taft-Hartley Act?
A) union shops B) closed shops C) modified union shops D) open shops
Which of the following did not contribute to the increase in competition in the United States between 1958 and 1988?
a. antitrust activity b. deregulation of transportation industries c. deregulation of banking d. increased imports e. conglomerate mergers
The fact that a bank's assets tend to be long-term while its liabilities are short-term creates:
A. lower risk for the bank, this is why they follow this strategy. B. credit risk. C. trading risk. D. interest-rate risk.