American leaders in the early united states wanted to establish a stable banking system in order to
a. provide competition for merchant lenders.
b. promote international trade and economic growth.
c. all americans build wealth through savings accounts.
d. allow individual merchants to charge fees for loans and other services.

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase