Nations would gain from trade if a(n) _________ exists

Assuming that the average duration of its assets is four years, while the average duration of its liabilities is three years, then a 5 percentage point increase in interest rates will cause the net worth of First National to ________ by ________ of

the total original asset value. A) decline; 5 percent B) decline; 10 percent C) decline; 15 percent D) increase; 20 percent

One of moneys primary roles in the economy comes from the use of money to transfer purchasing power to the future. This role of money is called

A) store of value. B) unit of account. C) medium of exchange. D) standard of deferred payment.