If the annual interest rate is 4 percent,a consumer who spends $100 today _____
A) will have to return $104 to a bank.
B) will have to pay $104 next year to get the same set of goods.
C) will receive $96 from a bank next year.
D) will have to pay $96 next year to get the same set of goods.
E) is giving up the ability to spend $104 on goods next year.
Correct Answer:
Verified
Q25: If the expected rate of return from
Q27: Interest is a payment for deferred _
A)taxation.
B)saving.
C)consumption.
D)investment.
E)annuity.
Q28: Which of the following would be true
Q29: Exhibit 13.1 Q31: A firm's demand curve for investment is Q32: Which of the following is true of
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