How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the exchange rate is 1.80 dollars per one British pound?
A) 40 dollars
B) 90 dollars
C) 50 dollars
D) 100 dollars
E) 95 dollars
B
Economics
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A car dealer sells you a car today in exchange for money in the future. This illustrates which function of money?
A) standard of deferred payment B) unit of account C) medium of exchange D) store of value
Economics
If the cost of capital is 5% then the net present value of the investment is
a. $6,020.41 b. $7,380.95 c. -$7,380.95 d. $10,000
Economics