The present value of $100 to be received in the year 2014 is
A) less than the present value of $100 to be received in 2015.
B) greater than the present value of $100 to be received in 2015.
C) the same as the present value of $100 to be received in 2015.
D) greater than the present value of $100 to be received in 2015 if the interest rate in 2015 exceeds the interest rate in 2014; otherwise, it is less.
B
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According to your text, the annual cost of regulation (federal, state and local) in the United States is estimated to exceed ________ per year
A) $500 million B) $900 million C) $50 billion D) $1 trillion
Suppose the G8 nations decide that the dollar is too strong (high in value) relative to the yen. These nations might:
A. use official reserves of yen to buy dollars. B. use official reserves of dollars to buy yen. C. encourage Japan to print more yen. D. encourage the United States to increase interest rates.