What is the present value of a payment of $150 one year from today if the interest rate is 6 percent?
a. $141.11
b. $141.36
c. $141.75
d. None of the above are correct to the nearest cent.
d
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A multinational agency that specializes in making loans to a larger number of developing nations to promote long-term development and growth is
A) the International Bank. B) the World Bank. C) the International Monetary Fund. D) the World Monetary Fund.
Suppose households attempt to increase money holdings. To stabilize output and employment, the Federal Reserve will _____
Fill in the blank(s) with correct word
If a country, business, or person has a comparative advantage in producing a good or service, this means that this country, business, or person
a. can produce this good at the same opportunity cost as others. b. can produce this good or service at a low opportunity cost. c. should buy this good from others d. can produce this good or service at a high opportunity cost.
The kinked demand curve demonstrates that if an oligopolist raises its prices, it is likely to gain market share.
Answer the following statement true (T) or false (F)