Refer to the scenario above. The net present value of the investment in Plan 4 is equal to:

Next year's expected price of oil is $90 per barrel. If the interest rate climbs from 5 percent to 20 percent per year and nothing else changes, then according to the Hotelling Principle the price of oil this year

A) will rise. B) will fall. C) will not change. D) could rise, fall, or stay the same.

All of the following are characteristics of debit cards EXCEPT:

A) payments are deferred until a later date B) they can be used like checks C) they eliminate the problem of trust since the bank's computer authorizes the transaction D) when used at a store, his bank instantly credits the store's account with the amount and deducts it from his account.