The Present Value of a $110 Payment in One Year

question 205

Multiple Choice

The present value of a $110 payment in one year, given an annual 10% interest rate, is:

• A) $10.
• B) $11.
• C) $100.
• D) $110.

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Definitions:

Labour Standards Legislation

Laws and regulations that establish the minimum requirements for working conditions, such as hours of work, minimum wage, and safety standards.

Pay Equity Legislation

Laws and regulations designed to eliminate the gender pay gap by ensuring that men and women receive equal pay for work of equal value.

Human Rights Legislation

Laws enacted to protect individuals from violations of their rights by individuals, organizations, or governments.

Labour Market Constraints

External and internal factors that limit the availability, mobility, and efficiency of labour within the economy.