Author Question: If a person saves 1,000 . how much will she have at the end of three years if the market interest ... (Read 38 times)

jilianpiloj · **on:** Jun 30, 2018

If a person saves 1,000 . how much will she have at the end of three years if the market interest rate is 6 percent?
a. 1,060
b. 1,135
c. 1,156
d. 1,191
e. 1,600

Question 2

If the exchange rate changes from 75 cents per euro to 1 per euro, the euro
a. appreciated, since its value has increased
b. appreciated, since the price of U.S. dollars has increased
c. appreciated, making U.S. goods more expensive in Euros
d. depreciated, since its value has declined
e. depreciated, since its value has increased