The interest rate:
A. is expressed as a percentage per dollar borrowed and per unit of time.
B. tells us how much less money is worth today than in the future.
C. exists only because lending is risky.
D. All of these statements are true.
A. is expressed as a percentage per dollar borrowed and per unit of time.
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The aggregate demand curve shows the quantity of domestic product
a. produced at each possible price level. b. demanded and produced at each possible price level. c. that is exported at each possible price level. d. demanded at each possible price level.
What can be expected to happen in a country that enacts trade barriers?
A. The rate of population growth will decrease. B. The rate of economic growth will decrease. C. The rate of immigration will increase. D. The rate of technological innovation will increase.