If an investment requires payment of $10,000 now and promises to return a payout of $15,000 one year from now and another payout of $15,000 two years from now, the net present value of the investment at an interest rate of 8% is approximately

The "value of money"

A) increases during economic expansions. B) is the quantity of goods and services that a unit of money can buy. C) is determined by Fed regulations. D) is directly related to the price level. E) increases during inflationary periods.

A ________ is a transaction in which both a spot transaction and a forward transaction are agreed upon simultaneously

A) arbitrage B) call C) swap D) put