The present value of $1 payable in the future decreases
a. the higher r is and the sooner it is to be paid.
b. the lower r is and the sooner it is to be paid.
c. the higher r is and the longer time until it is paid.
d. the lower r is and the longer time until it is paid.
c
Economics
You might also like to view...
What is the most important characteristic of monopolistic competition? How do firms behave differently from perfect competitors?
What will be an ideal response?
Economics
According to Keynes, in order to get the economy out of a recession, the government should: a. follow an expansionary fiscal policy
b. encourage firms to export to other nations. c. follow an contractionary fiscal policy. d. follow a contractionary monetary policy. e. not interfere in the market and let the market system heal itself.
Economics