Top Posters
Since Sunday
38
o
10
j
9
m
9
9
C
8
s
8
a
8
f
8
y
8
n
8
d
8
New Topic  
johnpaul92 johnpaul92
wrote...
Posts: 2600
Rep: 9 0
7 years ago
Mr. Pierpont has wealth of $200,000. He wants to keep at least $80,000 in bonds at all times, and will shift $10,000 into bonds from his checking account for each percentage point that the interest rate on bonds exceeds the interest rate on his checking account. Currently, he keeps $100,000 in bonds, which pay him 7%. What is the current interest rate on checking accounts?
A) 7%
B) 10%
C) 5%
D) 9%
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
Read 249 times
2 Replies
Replies
Answer verified by a subject expert
supamansupaman
wrote...
Top Poster
Posts: 2219
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
C
1

Related Topics

johnpaul92 Author
wrote...
7 years ago
Appreciate your help, thank you again
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  352 People Browsing
 174 Signed Up Today
Related Images
  
 551
  
 199
  
 195
Your Opinion
How often do you eat-out per week?
Votes: 76

Previous poll results: What's your favorite math subject?