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Author Question: The FOMC is the agency that insures deposits up to 250,000. Indicate whether the statement is ... (Read 75 times)

HCHenry

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on: Jun 29, 2018
The FOMC is the agency that insures deposits up to 250,000.
 
  Indicate whether the statement is true or false

Question 2

Ashton has the utility of wealth curve shown in the above figure. He owns a sports car worth 30,000, and that is his only wealth. Ashton is a careless driver and there is a 30 percent chance that he will have an accident within a year.
 
  If he does have an accident, his car is worthless. What is Ashton's expected utility? A) 100
  B) 30
  C) 70
  D) zero


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mammy1697

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


HCHenry

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

31809pancho

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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