Suppose You Put $500 into a Bank Account Today

question 198

Multiple Choice

Suppose you put $500 into a bank account today.Interest is paid annually and the annual interest rate is 3 percent.The future value of the $500 after 1 year is

• A)$485.44.
• B)$496.50.
• C)$509.28.
• D)$515.00.

Recognize the role of monetary and fiscal policies in affecting aggregate demand.

Understand the quantity theory of money and its relevance to inflation.

Differentiate between various economic theories and their application to macroeconomic policy.

Analyze the effectiveness of macroeconomic policies during different economic crises.

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Definitions:

Subcontrary

In logic, propositions that cannot both be false, but can both be true, especially within the square of opposition.

Subalternate

In classical logic, the term for propositions that are related in such a way that the truth of one implies the truth of the other.

Existential Import

The implication that some individuals fitting the criteria exist when making a particular proposition.

Existential Import

The implied existence of at least one instance of the subject in categorical propositions, affecting the truth of the proposition.