Engineering Economics The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as ______. Currency depreciation Currency devaluation Currency float Currency appreciation Currency depreciation Currency devaluation Currency float Currency appreciation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Cash money and credit necessary to establish and operate an enterprise are generally called ______. Liabilities Funds Assets Capital Liabilities Funds Assets Capital ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest? Effective rate of interest Simple interest Nominal rate of interest Compound interest Effective rate of interest Simple interest Nominal rate of interest Compound interest ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics How long will it take money to double itself if invested at 5% compounded annually? 14.2 years 14.7 years 13.7 years 15.3 years 14.2 years 14.7 years 13.7 years 15.3 years ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If there are many sellers and few buyers, the market situation is _________ . Oligopoly Duopsony Oligopsony Monopoly Oligopoly Duopsony Oligopsony Monopoly ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the: Law of supply Law of supply and demand Law of diminishing return Law of demand Law of supply Law of supply and demand Law of diminishing return Law of demand ANSWER DOWNLOAD EXAMIANS APP
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