If your bank pays you 6% interest on a savings account and inflation is 2%, your approximate real rate of interest is
A) 2%.
B) 4%.
C) 8%.
D) 12%.
B
Economics
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According to the classification in the text, which of the following is not an industrially advanced country (IAC)?
a. Singapore. b. Hong Kong. c. United Arab Emirates. d. Ireland.
Economics
Which of the following is not an example of a principal trying to solve the moral-hazard problem? The principal
a. calls the agent's references. b. installs hidden cameras to monitor the agent's behavior. c. pays the agent efficiency wages. d. pays the agent a year-end bonus.
Economics