The Influential Peruvian Development Economist Hernando De Soto Has Argued

question 30

Multiple Choice

The influential Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism

• A)until they adopt communism.
• B)until property rights are better defined and protected.
• C)if they adopt free market economies.
• D)until their governments monopolize all means of production in their countries.
• E)if they encourage innovation and entrepreneurship.

Understand and apply the effective interest rate method for amortizing bond discount or premium.

Record journal entries related to interest expense and amortization of bonds.

Calculate interest expense using the effective interest rate.

Distinguish between the contract interest rate and the market (effective) interest rate.

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Definitions:

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