Mr. Scrooge owns assets worth $100 million. The rate of return on his assets is 5 percent per year. Mr. Scrooge's wealth is , and his income is

A) $5 million a year; $100 million
B) $100 million; $5 million a year
C) $100 million; $105 million
D) $5 million a year; $100 million a year

Economics

What is a present value?

What will be an ideal response?

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Economics

U.S. dollar deposits in foreign banks outside the U.S. or in foreign branches of U.S. banks are called

A) Atlantic dollars. B) Eurodollars. C) foreign dollars. D) outside dollars.

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Economics

Mr. Scrooge owns assets worth $100 million. The rate of return on his assets is 5 percent per year. Mr. Scrooge's wealth is ________, and his income is ________