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Busn602 Midterm Exam Set 2

  • Date Submitted: 01/28/2016 07:02 AM
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BUSN602 Midterm Exam   Set 2
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Part 1 of 1 - 100.0 Points
Question 1 of 20 5.0 Points
Jill Clinton puts $1,000 in a savings passbook that pays 4% compounded quarterly. How much will she have in her account after five years?

 
A.$1,200.50  
B.$1,220.20  
C.$1,174.80  
D.$1,217.50
Question 2 of 20 5.0 Points
An increase in inflation should:

 
A.increase the demand for loanable funds  
B.decrease the interest rate on loans  
C.increase the interest rate on loans  
D.none of the above
 

Question 3 of 20 5.0 Points
Economists use a ___________________ framework to explain how the prices and quantities of goods and services are determined in a free-market economic system.

 
A.opportunity  
B.marginal cost  
C.supply-and-demand  
D.anti-monopoly  
E.none of the above
Question 4 of 20 5.0 Points
The future value of $100 received today and deposited at 6 percent for four years is

 
A.$126.  
B.$ 79.  
C.$124.  
D.$116.
Question 5 of 20 5.0 Points
All of the following are important components of a financial system except:

 
A.government and private policy makers  
B.a monetary system  
C.the international monetary fund  
D.financial institutions and markets
Question 6 of 20 5.0 Points
In general, the effective rate of interest on a discount loan

 
A.is lower than that on standard loan  
B.is higher than that on a standard loan  
C.is identical to that on a standard loan  
D.none of the above
Question 7 of 20 5.0 Points
Because of the financial crisis that began in 2008, by the end of 2009:

 
A.unemployment was in excess of 10 percent  
B.many homeowners owed more money on their mortgage loans than the their homes were worth  
C.home mortgage...

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