The present value of a dollar received n years from now equals ______, divided by ______.
Fill in the blank(s) with the appropriate word(s).
1; (1 + r)n
Economics
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The commercial banking system borrows from the Federal Reserve Banks. As a result, the checkable deposits:
A. of commercial banks are unchanged, but their reserves increase. B. and reserves of commercial banks both decrease. C. of commercial banks are unchanged, but their reserves decrease. D. and reserves of commercial banks are both unchanged.
Economics
All of the following are traditional economic views except:
A. revealed preference shows researchers what the bad choices are. B. choice architects have a responsibility to remain neutral when it comes to choices. C. choice architecture is ineffective. D. there is no such thing as a bad choice.
Economics