Assume that the Cambridge k = .20. If income is equal to $100,000, the transactions demand for money is equal to

The higher the price of a foreign currency, the more expensive that foreign country's goods and services are to individuals in the domestic economy

a. True b. False

If a person is going to borrow $30,000 for a car and pay it off in monthly payments of $713.70 for 5 years, the internal rate of return is

A. 15%. B. 10%. C. 5%. D. 0%.