A bank account pays 4% interest per year. If you deposit $1,000 into this account at the start of each year for three years, how much will your account balance be at the end of three years?
A. $3,122
B. $3,246
C. $3,600
D. $4,206
B. $3,246
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The norms, values, and aspirations of a group are directly observable
Indicate whether the statement is true or false
The immediate effect of a member bank's sale of U.S. government securities to the Fed is a(n):
a. increase in that bank's required reserves. b. decrease in that bank's required reserves. c. increase in that bank's excess reserves. d. decrease in that bank's excess reserves. e. decrease in the Fed's assets.
Which of the following is true?
A. Japan has a high export ratio. B. Ireland has a low export ratio. C. The European nations tend to have lower export ratios. D. The United States has a very low export ratio.
The price at which a good or service is traded on international markets is called the ________ price.
A. universal B. international C. market D. world