Which of the following statements is FALSE?
A) The interest rates that banks offer on investments or charge on loans depends on the horizon of the investment or loan.
B) The Federal Reserve determines very short-term interest rates through its influence on the federal funds rate.
C) The interest rates that are quoted by banks and other financial institutions are nominal interest rates.
D) Fundamentally, interest rates are determined by the Federal Reserve.
D
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A university is planning a seminar. It costs $3000 to reserve a room, hire an instructor, and bring in the equipment. Assume it costs $25 per student for the administrators to provide the course materials
If we know that 20 people will attend, what price should be charged per person to break even? A) $120 B) $150 C) $175 D) $200
Which type of budget is concerned with day-to-day spending and financing activities?
a. general budget b. operating budget c. capital budget d. balanced budget