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5. The average nominal interest rate in last 50 years in US and Canada has been closest to: A) 0.9%. B) 1.2%. C) 5.5%. D)

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5. The average nominal interest rate in last 50 years in US and Canada has been closest to: A) 0.9%. B) 1.2%. C) 5.5%. D) 9.8%. E)12.l% 6. Which of the following is not true? A) Financial markets can be used to adjust consumption patterns over time. B) If investors can borrow and lend risklessly at the same rate, corporate investment decisions do not depend on investors' time preferences. C) Financial markets deal with cash flows over time. D) Investment decisions may rely on the economic principles of nancial markets. E) If investors can borrow and lend risklessly at the same rate, corporate investment decisions do not depend on market interest rate

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