If a Chequing Account Has an Interest Rate of 1

question 154

Multiple Choice

If a chequing account has an interest rate of 1% and a Treasury bill has an interest rate of 3%,the opportunity cost of holding cash in a chequing account is:

• A) 0%.
• B) 0.02%.
• C) 1%.
• D) 2%.

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry.

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A term from Sternberg's triangular theory of love, describing a complete form of love that combines intimacy, passion, and commitment.

Affectionate Love

A type of love characterized by a deep and enduring emotional connection and warmth toward another individual.

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