Multiple Choice
Suppose an individual can earn 3 percent interest on an annual term deposit.His opportunity cost of holding $100,000 in cash instead of investing in the term deposit will be:
A) $3,300.
B) $330.
C) $1,000.
D) $6,000.
E) $3,000.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q53: In the aggregate demand-aggregate supply model in
Q54: Which of the following policies can be
Q55: If the quantity of money supplied exceeds
Q56: If real output and velocity are stable
Q57: The quantity theory of money states that
Q59: If the Fed adopts a contractionary monetary
Q60: In the money market,if the money supply
Q61: The supply of money is depicted as
Q62: When the Fed purchases U.S.government securities through
Q63: Which of the following variables are assumed