1. The minimum denomination of T-bills you can buy is
a. $1,000.
b. $5,000.
c. $10,000.
d. $20,000.
e. none of these.
2 Jamil invested $9,500 in an account he expects will earn 5% annually. Approximately how many years will it take for the account to double in value?
a. 8.8
b. 9.7
c. 10.8
d. 11.4
e. 14.4
3. Factors typically influencing the choice of where to maintain a checking account are
a. convenience and cost
b. convenience and services
c. cost and services
d. convenience, services, and cost
4. Regarding student loans, which of the following is not true?
a. They are available for both undergraduate and graduate students.
b. Applications can be filled out on the Internet.
c. There is no limit on how much can be borrowed with each loan.
d. There is no limit on the number of loans one can have.
e. Interest may be tax deductible.