At which interest rate is the present value of $80.25 one year from today equal to $75 today?
a. 4 percent
b. 5 percent
c. 6 percent
d. 7 percent
d
Economics
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Changes in domestic and foreign income result in:
A) movements along the demand and supply curves of the foreign exchange market. B) shifts in the demand and supply curves of the foreign exchange market. C) all of the above. D) none of the above.
Economics
Based on the transactions in the above table, what is the change in the U.S. balance of merchandise trade?
A) $11,000 B) $29,700 C) -$30,000 D) -$31,000
Economics