This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Canadian government introduced the Tax-Free Savings Account (TFSA) in 2009, which allows ... (Read 68 times)

warrenjean01

  • Full Member
  • ***
  • Posts: 158
on: Oct 12, 2022

Question 1

The formula to calculate the present value of a future payment of $X received t years from now when the annual percentage interest rate is i is
◦ PV = $X/i.
◦ PV = $X/(1 + i)t.
◦ PV = $X(1 + i)t.
◦ PV = $X/(1 + i).
◦ PV = $X(1 + i).

Question 2

The Canadian government introduced the Tax-Free Savings Account (TFSA) in 2009, which allows Canadians to earn tax-free investment returns on a limited amount of savings each year. In theory, and all else remaining equal, what do we expect the effect of such a policy to be on the market for financial capital?
◦ The supply of savings curve shifts right, the equilibrium interest rate falls and investment increases.
◦ The investment demand curve shifts right, the equilibrium interest rate rises and investment rises.
◦ The investment demand curve shifts left, the equilibrium interest rate falls and investment falls.
◦ The supply of saving curve shifts left, the equilibrium interest rate rises and investment decreases.
◦ There will be no effect on the market for financial capital.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by warrenjean01 on Oct 12, 2022

hillard sane

  • Full Member
  • ***
  • Posts: 164
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


warrenjean01

  • Member
  • Posts: 158
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Relationship between fruit radius and beak length in populations of native and introduced species of Relationship between fruit radius and beak length in populations of native and introduced species of
The Dingo was the first placental mammal introduced to Australia, around 4000 years ago The Dingo was the first placental mammal introduced to Australia, around 4000 years ago
The grey side-gilled sea slug Pleurobranchaea maculata. The discovery of tetrodotoxin in this slug i The grey side-gilled sea slug Pleurobranchaea maculata. The discovery of tetrodotoxin in this slug i
A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor
An ice-free summer opens the Arctic for exploration An ice-free summer opens the Arctic for exploration
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Video: Structures that affect circulation - arterioles and vasomotor responses

For a complete list of videos, visit our video library