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Author Question: The Canadian government introduced the Tax-Free Savings Account (TFSA) in 2009, which allows ... (Read 20 times)

warrenjean01

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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
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Marked as best answer by warrenjean01 on Oct 12, 2022

hillard sane

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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.
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warrenjean01

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

dantucker

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Reply 3 on: Yesterday
Excellent

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