The additional payment a borrower has to make on a loan is referred to as:
A) credit. B) stock. C) principal. D) interest.
D
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If interest rates increase from 9 percent to 10 percent, a bank with a duration gap of 2 years would experience a decrease in its net worth of
A) 0.9 percent of its assets. B) 0.9 percent of its liabilities. C) 1.8 percent of its liabilities. D) 1.8 percent of its assets.
Figure 17-7
The domestic country is Jamaica.
Refer to . With trade, Jamaica
a.
imports 150 calculators.
b.
imports 250 calculators.
c.
exports 100 calculators.
d.
exports 250 calculators.
For many firms, their input costs, such as wages and other contracted costs, are ______.
a. highly variable in the short run b. relatively constant in the long run c. quick to adjust in the short run d. relatively constant in the short run
Figure 5.3 presents a firm's marginal cost, average total cost, and average variable cost curves. The firm minimizes average variable costs by producing ________ units.
A. 50 B. 100 C. 150 D. 200