What is the present value of $100 one-year from now at an interest rate of 6%?
A) $94
B) $107
C) $97.09
D) $3
Answer: C
Economics
You might also like to view...
Which of the following is least likely to lead to inflationary monetary policy?
A) rising unemployment B) expanding federal budget deficits C) declining oil prices D) conflict in the Middle East
Economics
The current account includes all of the following accounts except
A) net transfers. B) net exports. C) net financial derivatives. D) net factor payments.
Economics