Given a choice, it is generally better to use a credit card instead of a debit card

The common objective of borrowing and lending is to ________

A) make all parties better off B) gain a profit at the other's expense C) make a firm or individual appear more liquid than is really the case D) thwart regulatory authority

A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years. The payback period of the project is ________

A) 1.5 years B) 2 years C) 3.3 years D) 4 years