Indirectly, overvalued exchange rates in Latin America caused
A) a capital shortage in agriculture.
B) a capital shortage in industry.
C) a capital abundance in agriculture.
D) a growth in incomes in rural areas.
E) an increase in competitive pressures faced by industry.
A
Economics
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The present value of $1,500 received 8 years in the future would be calculated as which of the following when the interest rate is 3%?
A) 1,500/(1.03)8 B) 8.03/1,500 C) 1,500 × 1.3 × 8 D) 1,500/(1.3)8
Economics
The balance sheet of a depository institution lists:
a. loans to private individuals as assets. b. excess reserves as liabilities. c. checkable deposits as liabilities. d. required reserves as liabilities. e. loans from the central bank as assets.
Economics