John deposits $800 at an annual interest rate of 6%. The total amount in John's account after one year will be:
A) $822.
B) $848.
C) $864.
D) $950.
B
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If all firms in perfect competition have the same average revenue and pay the same price for inputs such as labor and materials, why do they not all have the same profit?
What will be an ideal response?
When an imported good has restrictions are placed on it that limits the amount that can be imported and as a result the price of the good increases, the demand curve for that good will
A) shift rightward. B) shift leftward. C) become steeper. D) be unaffected.
If total consumption is $5 billion, investments $2 billion, government purchases $1 billion, exports $1 billion, and imports $3 billion, the GDP must equal:
A. $6 billion. B. $12 billion. C. $9 billion. D. $3 billion.
The New York Stock Exchange is an example of a:
A. bank. B. financial institution. C. financial instrument. D. financial market.