A 100 annuity is
a. 100 received in a single year
b. 100 received each year forever
c. more or less than 100, dependent on the interest rate, received for a certain number of years
d. 100 received each year for a certain number of years
e. more or less than 100, dependent on the interest rate, received until an upper limit is reached
Question 2
If Europe and the United States were the only two regions in the world, then U.S. residents might desire to buy euros for all except one of the following reasons. Which is the exception?
a. to invest in Europe
b. to buy European goods
c. to improve the U.S. balance of payments
d. to make loans in Europe
e. to buy European stocks
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