If the amount you owe on your house is less than the price of the house, you have
A) positive equity in your house.
B) an adjustable-rate mortgage on your house.
C) negative equity in your house.
D) a reverse mortgage on your house.
Answer: A
Economics
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Which of the following would cause an increase in the demand for U.S. dollars?
a. an interest rate cut in the United States b. an interest rate cut in Europe c. an interest rate increase in Europe d. a recession in Europe
Economics
Refer to the data provided in Table 11.1 below to answer the following question(s).
Table 11.1 
Refer to Table 11.1. If the interest rate is 9%, Nashbar Bicycle's total investment would be
A. $200,000. B. $300,000. C. $900,000. D. $1,100,000.
Economics