The interest on a $4,000, 10%, 1-year note receivable is

a. $4,000.
b. $400.
c. $4,400.
d. $4,040.

Ans: b. $400.

Business

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Fill in the blank(s) with the appropriate word(s).

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Two of the most often used determinants of exchange rates are ________

A) real interest rate differentials and current account balances B) nominal interest rates and current account balances C) real interest rate differentials and real price levels D) nominal interest rate and inflation rate differentials

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