Question
If a government defaults on the value of its debt by
3/4, this is the same as imposing a ____ tax on interest and repayment of the principal.Solution
I borrow 100 euros from you and promise to pay you back next year the principal and 10%. That means I owe you 110 euros next year. I now unilaterally declare that I will only honour 25 euros of debt to you. Next period I pay you 27.5 euros [25 + 1/4(10)]. That is the same amount as though announcing to you next period that I would tax your 110 euros 75% (i.e., you keep only .25*110=27.5)
In which of the following statement the first person sits exactly between the second and the third person in the following arrangement?
I) PXM
If E is related to H and G is related to F in a certain way, then who among the following person is related to A?
How many persons were seated between A and the one who likes Green?
Seven persons—T, U, V, W, X, Y and Z are sitting along a circle facing the centre. T is between Z and W. V is second to the right of W and is between...
Eight friends, Q, R, S, T, U, V, W and X are sitting in a line facing north. U is sitting at one of the corners. R is sitting between X and S. W is sitt...
Which of the following statement is/are true?
I. H faces the one who sits just left of J
II. K sits exactly between E and G
III. On...
Whose income is the second highest?
Who likes Blue?
How many persons sit between D and C?
D likes which of the colour?
