The overall performance of the economic system as a whole is the focus of

When the First Bank of Townsville makes a loan, it

A) prints money. B) borrows the money from the Fed. C) creates a checkable deposit. D) decreases the quantity of money. E) increases its reserves.

Suppose Emilio offers you $500 today or $X in 10 years. If the interest rate is 6 percent, then at what value of X would you be indifferent between the two options?

a. X = 809.33 b. X = 855.56 c. X = 895.42 d. X = 916.74