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:

Diversity Issues

Diversity issues pertain to challenges and considerations related to managing a diverse workforce, including cultural, racial, gender, and age differences among employees.

Organisational Leaders

Individuals in a position of authority within an organization who are responsible for strategizing, decision-making, and guiding members towards the achievement of collective goals.

Minority Workers

Individuals from racially, ethnically, or culturally distinct groups who are employed within a workforce predominantly composed of a different majority group.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, and the acknowledgment, appreciation, and promotion of this diversity.