With increasing tensions between the US and China, we've seen the US restrict imports from China, ranging from aluminum to cars. From the perspective of the US we'll see that the real exchange rate: a. increases and NX remains unchanged
b. decreases and NX decreases
c. increases and NX decreases
d. increases and NX increases
e. decreases and NX remains unchanged

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?