Assume that you are willing to postpone consumption of $1,000 today and buy a certificate of deposit (CD) at your local bank with the $1,000. Holding the CD for one year provides you with an 8% reward for saving or postponing consumption
This reward for postponing consumption implies that at the end of the year you will have how much more money for spending?
A) $79.50
B) $79.75
C) $79.90
D) $80.00
Answer: D
Explanation: D) We take 8% times $1,000 and get $80.00 more for spending.
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An action strategy for business communication is:
a. To confirm agreement b. To seek agreement c. To provide facts d. To provide a point of view e. None of the above
A listing agreement is
A) a contract between you and a local newspaper for publicity on the sale of your home. B) a contract between you and a real estate agent concerning the sale of your home. C) a contract between you and a potential buyer giving the signer first rights on the sale of your home. D) a contract between you and the buyer specifying that the title on the home is free of all defects.