1. Assume that your total income for the current year is $35,000. Your total expenses including taxes of $5,000 is $30,000. Your savings ratio is:
16.7%.
12.5%.
7.5%.
13.3%.
10.0%.
2. According to the Federal Reserve, what was the interest rate for 30-year mortgages (MORTG) on April 1, 2007? Look for "30-Year Conventional Mortgage Rate." Click on "monthly." You may need to use the export function.
6.14%
6.16%
6.29%
6.18%
6.22%