An individual that deposits $1,000 in the bank today and receives $1,368 in three years is earning an annual interest rate of approximately
A) 9.2%
B) 36.8%
C) 12.3%
D) 11%
Correct Answer:
Verified
Q11: Intertemporal choice requires knowledge of:
A)prices and interest
Q12: If the increase income from sale of
Q13: If a person's marginal rate of time
Q14: According to Hotelling's Law, the price of
Q15: The present value of a perpetuity is:
A)M(1
Q17: When the interest rate i rises, C0:
A)decreases
Q18: Consumers borrow money from commercial institutions by:
A)demonstrating
Q19: A 25- year- old individual is choosing
Q20: An individual's intertemporal budget for current consumption
Q21: An increase in interest rate will:
A)parallel shift
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