Author Question: The present value of a promise to pay 100 one year from now is approximately 90.91 if the interest ... (Read 13 times)

xclash · **on:** Jun 30, 2018

The present value of a promise to pay 100 one year from now is approximately 90.91 if the interest rate is 10 percent.
a. True
b. False

Question 2

Which of the following is a credit item (+) in the U.S. balance of payments?
a. U.S. companies sell merchandise abroad.
b. Foreign companies sell merchandise to U.S. consumers.
c. U.S. consumers send money to foreign companies.
d. Immigrants to the United States send presents of money back to their families in their native countries.
e. Immigrants to the United States send presents of goods back to their families in their native countries.