Answer:
E: a debt of $10.7 trillion and a deficit of zero.
Explanation:
Deficits are usually financed by debt. Here the government has incurred an extra debt of $700 billion. The previous debt of $10 trillion may have been due to any reason and not necessarily deficit. However, the passage does not state if the extra debt is due to deficit or not. So it is safe to select option E.
Hence, the government has incurred a total debt of $10.7 trillion and a deficit of zero.
Answer:


Explanation:
Given data:
Amount of currency held = $1347 billion
checkable deposit $1347 billion
saving deposit $8189 billion
small time deposit $400 billion
market fund $709 billion
Saving deposit in the form M2 and M1
M_1 = currency held as individual and traveller check + checkable deposit
= $1347 + $1764

M_2 = M_1 + saving deposit _ time deposit + maket funds
= $3111 + $8189 + $400 + $709

Not the place to be asking but at this point they are pretty well known.
Answer:
It will be sold at $1,186.71
Explanation:
We will calculate the present value of the cuopon payment and the maturity at the new market rate of 7%
<u>The coupon payment will be calcualte as the PV of ordinary annuity</u>
C $50 (1,000 x 10%/2 as there are 2 payment per year)
time 16 (8 years x 2 payment per year)
rate 0.035 (7% rate / 2 payment per year)
PV $604.7058
<u>The maturity will be calculate as the PV of a lump sum</u>
Maturity 1,000.00
time 8 years
rate 0.07
PV 582.01
<u>The market price will be the sum of both:</u>
PV cuopon $604.7058
PV maturity $582.0091
Total $1,186.7149