Engineering Economics What is considered as the standard unit which forms the basis of a country’s domestic money supply? Foreign exchange Cash or check Monetary unit Currency Foreign exchange Cash or check Monetary unit Currency ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is another term for “perfect competition”? Atomistic competition Free-for-all competition No-limit competition Heterogeneous market Atomistic competition Free-for-all competition No-limit competition Heterogeneous market 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 Nominal rate of interest Simple interest Compound interest Effective rate of interest Nominal rate of interest Simple interest Compound interest ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What are the two classifications of goods and services? Raw and finished Ready-made and made-to-order Local and imported Consumer and producer Raw and finished Ready-made and made-to-order Local and imported Consumer and producer ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The estimate based on a detailed quantity survey and furnishes the most accurate and reliable estimate possible is known as None of these Probabilistic estimate Definitive estimate Conceptual estimate None of these Probabilistic estimate Definitive estimate Conceptual estimate ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the present worth of a P500 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 10 %? P 714.71 P 717.17 P 731.17 P 727.17 P 714.71 P 717.17 P 731.17 P 727.17 ANSWER DOWNLOAD EXAMIANS APP
EXAMIANS