Engineering Economics What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal? Nominal rate of interest Effective rate of interest Compound interest Simple interest Nominal rate of interest Effective rate of interest Compound interest Simple interest ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is considered as the standard unit which forms the basis of a country’s domestic money supply? Monetary unit Currency Cash or check Foreign exchange Monetary unit Currency Cash or check Foreign exchange ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Aside from many sellers and many buyers, which one is a characteristic of perfect competition? All of these Perfect information and absence of all economic friction Free market entry and exit Homogeneous product All of these Perfect information and absence of all economic friction Free market entry and exit Homogeneous product ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 10% per annum. How much is in the account at the end of the 4th year? P 4,880.00 P 4,860.00 P 4,840.00 P 4,820.00 P 4,880.00 P 4,860.00 P 4,840.00 P 4,820.00 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the claim of anyone to ownership? Equity Liability Proprietorship Assets Equity Liability Proprietorship Assets ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest? 25.8 % 25.0 % 23.5 % 24.7 % 25.8 % 25.0 % 23.5 % 24.7 % ANSWER DOWNLOAD EXAMIANS APP
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