Edward buys a house for $400,000, rents it for one year for $1,500 per month, and sells it at the end of the year for $390,000. Edward's rate of return:
A. is 2 percent.
B. is 4.5 percent.
C. is negative 2.5 percent.
D. cannot be determined.
A. is 2 percent.
Economics
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According to the theory of liquidity preference, the money supply
a. and money demand are positively related to the interest rate. b. and money demand are negatively related to the interest rate. c. is negatively related to the interest rate while money demand is positively related to the interest rate. d. is independent of the interest rate, while money demand is negatively related to the interest rate.
Economics
Attempts to alleviate poverty have included all of the following income-maintenance programs EXCEPT
A) Social Security. B) temporary assistance to needy families. C) 401(k) plans. D) food stamps.
Economics