Multiple Choice
Opportunity cost is the:
A) benefit that would have been available from the next best use of money.
B) prime rate for large firms.
C) unemployment rate.
D) rate on standard savings accounts.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q98: When a loan is amortized over a
Q111: Suppose your savings account pays an annual
Q112: Assume you want to pay off your
Q113: If you invest the $10,000 you receive
Q115: A cash flow projected today for a
Q117: You have borrowed $10,000 to pay off
Q118: What is the rate of return on
Q119: If an investor prefers the present value
Q120: With an annuity due, payments:<br>A)occur at the
Q121: An increase in the frequency of compounding