MrPierpont Has Wealth of $200,000

question 92

Multiple Choice

Mr.Pierpont has wealth of $200,000.He wants to keep at least $80,000 in bonds at all times,and will shift $10,000 into bonds from his checking account for each percentage point that the interest rate on bonds exceeds the interest rate on his checking account.If the interest rate on checking accounts is 4% and the interest rate on bonds is 9%,how much does Mr.Pierpont keep in his checking account?

• A)$50,000
• B)$70,000
• C)$130,000
• D)$150,000

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Definitions:

Extraverts

Individuals characterized by their outgoing, socially confident, and energized behavior, often drawing energy from being around other people.

Unconditional Positive Regard

A term used in client-centered therapy to describe a therapist's acceptance and support of a client, regardless of what the client says or does.

Projective Tests

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Deliberate Deception

Intentional conduct designed to mislead or deceive someone, often to gain an advantage or to avoid an obligation.