Kelly Deposits $1000 in a Three Year GIC with Four

question 53

Multiple Choice

Kelly deposits $1000 in a three year GIC with four percent interest compounded annually.How much interest would she earn by maturity?

• A)$124.86
• B)$120.00
• C)$ 40.00
• D)$1124.86

Recognize the role of opportunity costs in determining comparative advantages.

Understand the effects of trade on consumption possibilities.

Differentiate between absolute and comparative advantages in real-world scenarios.

Understand the concept of comparative advantage and how it determines production specialization between countries or individuals.

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Definitions:

Cortisol

A collective term for the glucocorticoid hormones, which are released into the bloodstream by the adrenal cortex as a response to physical or psychological stress.

Causal Link

A connection between two events or states, where one is the cause of the other, indicating a direct relationship that results in an effect.

Biological Processes

Biological processes refer to the complex interactions and activities within living organisms that result in growth, reproduction, and maintenance of life.

Social Behavior

Actions among individuals, how they interact, and the effects of their interactions on their community and society at large.