Suppose that you borrow $10,000 for one year, and at the end of the year, you must repay $10,350. The interest rate is
A. 10.35 percent.
B. 2.7 percent.
C. 6.5 percent.
D. 3.5 percent.
Answer: D
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For many small firms, providing health insurance for their workers
A) represents their most rapidly increasing cost. B) costs virtually nothing under the ACA. C) encourages them to hire more full-time workers. D) has decreased in cost over the past 10 years.
The Fed's policy actions of reacting to higher inflation by raising the real interest rate during 2004-2006 were
A) upward movements along the monetary policy curve. B) downward movement along the monetary policy curve. C) upward shifts of the monetary policy curve. D) downward shifts of the monetary policy curve.
The dollar appreciates when U.S. demands for foreign currencies decrease
a. True b. False Indicate whether the statement is true or false
Assume point A on a linear production possibilities curve represents the combination of 12 coffees and 3 cappuccinos, and point B represents 3 coffees and 6 cappuccinos. Suppose coffees are on the vertical axis and cappuccinos are on the horizontal axis. The opportunity cost of a cup of coffee is:
A. 1/3 of a cappuccino. B. 6 cappuccinos. C. 9 cappuccinos. D. 3 cappuccinos.