A sum of money received at a future date
A. is worth less than the same sum of money received today.
B. is worth more than the same sum of money received today.
C. has the same value as the same sum of money received today.
D. is worth less than the same sum of money received yesterday.
Answer: A
You might also like to view...
Refer to Figure 2-5. If the economy is currently producing at point X, what is the opportunity cost of moving to point Y?
A) 14 million tons of steel B) 5 million tons of steel C) 5 million tons of paper D) 9 million tons of paper
In the above figure, the demand curve for Good A shifts from D1 to D2 in Graph A when the price of Good B changes from P1 to P2 in Graph B. We can conclude that
A) Good A and Good B are substitutes. B) Good A and Good B are complements. C) Good A is a normal good but Good B is an inferior good. D) Good A and Good B are unrelated.
The present membership in the Federal Reserve System includes
a. all the commercial banks in the nation. b. less than half of the commercial banks in the nation. c. only the Federal Reserve Banks and their branches. d. commercial banks, savings & loans, and credit unions.
The unemployment rate is usually zero except during recessions
a. True b. False