A one-year discount bond with a face value of $10,000 that is currently selling for $9400 has an interest rate of
A) 3.10%.
B) 6%.
C) 6.38%.
D) 60%.
C
Economics
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Indicate whether the statement is true or false
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A circular-flow model and production possibilities frontier are similar in that
a. neither allows economic analysis to occur. b. neither can be represented visually on a graph. c. both make use of assumptions. d. both make use of complex equations to arrive at solutions.
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