If a nonbinding price floor is imposed on a market, then the
a. quantity sold in the market will decrease

________ in the foreign interest rate causes the demand for domestic assets to decrease and the domestic currency to ________, everything else held constant

A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate

Suppose you have a choice between receiving a lump-sum payment of $10,000 today or four annual payments of $2,750 (with the first payment one year from today). Of the following, which is the lowest annual interest rate at which you would prefer the lump-sum payment over the four annual payments?

a. 2% b. 5% c. 7% d. 10%