When economists say that an interest rate is compounding,they imply that ________.
A) the rate of interest is decreasing every year
B) the rate of interest is increasing every year
C) interest is being earned on a deposit
D) the interest payment is doubling every two years
Correct Answer:
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Q1: Scenario: George deposits $1,000 in a bank
Q2: The transfer of resources through time by
Q3: When economists expect that a reward might
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Q6: Scenario: Jenny deposits $3,000 in a bank
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Q9: The _ is referred to as future
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Q11: Kevin deposits a certain sum in a
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