Busn602 Midterm Exam Set 2

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BUSN602 Midterm Exam Set 2
Click Link Below To Buy: http://hwcampus.com/shop/busn602-midterm-exam-2/ Return to Assessment List
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…...

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