In which of the following situations would you prefer to be making a loan?
A) The interest rate is 9 percent and the expected inflation rate is 7 percent.
B) The interest rate is 4 percent and the expected inflation rate is 1 percent.
C) The interest rate is 13 percent and the expected inflation rate is 15 percent.
D) The interest rate is 25 percent and the expected inflation rate is 50 percent.
B
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Which of the following led Taylor to introduce an approach to management known as scientific management?
A. He believed that specific procedures and processes should be built into operations to ensure coordination of effort. B. He concluded that management decisions were unsystematic and that no research existed to determine the best means of production. C. He emphasized economical operations, adequate staffing, maintenance of inventories to meet consumer demand, and organizational control. D. He believed that bureaucratic structures can eliminate the variability that results when managers in the same organization have different skills, experiences, and goals. E. He advocated that the jobs themselves be standardized so that personnel changes would not disrupt the organization.
What are accelerated benefits?
A) Health insurance benefits paid in advance to providers of health care services B) Health benefits paid before the expenses are incurred C) Life insurance cash values paid in a lump sum to the beneficiary D) Life insurance death benefits paid before the death of an insured with a terminal illness"