An economic system characterized by private ownership of the factors of production and economic activity coordinated through a system of markets and prices is called:

Which expression is used to calculate the future value of an amount of money?

A. Present Value x (1 + interest rate)time B. Present Value/(1 + interest rate)time C. Present Value x (1 + time)interest rate D. (1 + interest rate)time/Present Value

In considering the holding period return, the longer the term of the bond the:

A. less important is the coupon rate and the more important is the current yield. B. less important is the capital gain. C. more important is the capital gain. D. less important is the capital gain and the more important in the current yield.