If the interest rate is 6%,which of the following is incorrect?
A) $300 saved today will be worth $318 after one year
B) $200 saved today will be worth $212 after one year
C) $100 saved today will be worth $106 after one year
D) $90 saved today will be worth $96 after one year
E) $50 saved today will be worth $53 after one year
Correct Answer:
Verified
Q6: Most companies that sell CDs by mail
Q20: The rate of time preference is positive
A)only
Q24: If the interest rate increases from 6
Q26: If people have a positive rate of
Q29: The difference between income and consumption is
A)rent
B)profit
C)saving
D)opportunity
Q30: If we assume that a unit of
Q33: If Arnold has a positive rate of
Q35: The interest rate compensates
A)bankers for their time
Q36: Interest is a payment for deferred
A)taxation
B)saving
C)consumption
D)investment
E)none of
Q40: By saving, households
A)are supplying loanable funds
B)are demanding
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