Question
1. Karen and Paul carry a minimum checking account balance of $ 8000 in order to avoid any unforeseen shortfalls. If they could earn 3%
1. Karen and Paul carry a minimum checking account balance of $ 8000 in order to avoid any unforeseen shortfalls. If they could earn 3% annually in a 2-year bank certificate of deposit, what is the monthly opportunity cost incurred by the couple?
$ 240
$ 20.00
$ 480
$ 40
2. Which of the following is a depository institution? (Select any two.)
Credit union
Life insurance company
Finance company
Online bank
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Empirical Studies On Economics Of Innovation Public Economics And Management
Authors: Mehmet Huseyin Bilgin, Hakan Danis, Ender Demir, Ugur Can
1st Edition
3319501631, 9783319501635
