Suppose That You Have $100 Today and Expect to Receive

question 8

Multiple Choice

Suppose that you have $100 today and expect to receive $100 one year from today. Your money market account pays an annual interest rate of 25%, and you may borrow money at that interest rate. Suppose that you borrow $60 and spend $160 today. After you repay your loan one year from today, how much money will you have available for consumption one year from today?

• A)$0
• B)$25
• C)$50
• D)$75

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Definitions:

Behavior Checklists

Behavior checklists are structured lists used for assessing the presence or absence of specific behaviors or symptoms.

Classifies Attributes

involves identifying and categorizing characteristics or qualities of individuals or objects based on specific criteria or standards.

Order Preferences

A term referring to the prioritization or arrangement of choices or interests according to a person's values, needs, or desires.

Observation

Observing behaviors of an individual to develop a deeper understanding of one or more specific behaviors (e.g., observing a student’s acting-out behavior in class or assessing a client’s ability to perform eye–hand coordination tasks to determine potential vocational placements). It includes time sampling, event sampling, and time and event sampling. It is a type of informal assessment.