Label each of the following statements true, false, or uncertain. explain your choice carefully.

(a) the present discounted value of a stream of returns can be calculated in real or nominal terms.
(b) the higher the one-year interest rate, the lower the present discounted value of a payment next year.
(c) one-year interest rates are normally expected to be constant over time.
(d) bonds are a claim to a sequence of constant payments over a number of years.
(e) the yield curve normally slopes up.

Construct an example of the cycle of​ money, identify all the players involved and identify their individual benefits from participating in the cycle of money. in the examples of the cycle of money shown​ below, identify all the players involved and identify their individual benefits from participating in the cycle of money. example​ one: ​(select from the​ drop-down menus.) ▾ opens a savings account ▾ with the borrower with the original lender at a local commercial bank with a​ $200 deposit. the ▾ original lender bank borrower loans out the​ $200 with other funds from other savings accounts to ▾ the original lender a local businessman who is expanding his business. the local businessman pays back the loan over time with interest and the bank credits the savings account with interest. the individual withdraws money from the savings account to buy a new bike.