If you are paid $5,500 in one year on a $5,000 loan made today, then your annual interest rate is _____%.
A) 0.5
B) 10
C) 1
D) 5
Correct Answer:
Verified
Q158: Governments can save when:
A) taxes are less
Q159: If you are paid $10,500 in one
Q160: Crowding out means that:
A) private savings decreases
Q161: If Mega Corp. borrows $9,000 and agrees
Q162: An amount that would equal a particular
Q164: Given an annual interest rate of 2%,
Q165: Assuming a positive interest rate, the dollar
Q166: Interest rates were high during the 1970s
Q167: Interest rates:
A) were very high in the
Q168: Inflation:
A) was very low in the 1970s
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