If an individual borrows $200 at an annual rate of interest of 10%, what is the total amount that he will have to repay after one year?
A) $20 B) $220 C) $210 D) $200
B
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A market that is shared equally by 100 firms would have a Herfindahl index of :
a. 1. b. 1,000. c. 500. d. 100. e. 50.
An increase in the price of a complement for product A would:
a) Shift demand for product A out to the right. b) Shift demand for product A into the left. c) Shift supply for product A out to the right. d) Shift supply for product A in to the left.
According to the Laffer curve, when the tax rate is 100 percent, tax revenue will be:
A. 0. B. at the maximum value. C. the same as it would be at a 50 percent tax rate. D. greater than it would be at a 50 percent tax rate.
If all income is consumed in a year, then
A. income next year will increase. B. investment spending will increase. C. any investment spending will be done by the government. D. investment spending will be zero.