Suppose that the rate of interest increases. What will happen to the discounted present value of an investment?
a. It will increase.
b. It will decrease.
c. It will remain unchanged.
d. It depends on the magnitude of the change.
b
Economics
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Human capital is
a. a stock of equipment and structures. b. the result of investments workers make in themselves such as on-the-job training. c. a difference in wages that arises to offset the nonmonetary characteristics of different jobs. d. inversely related to the supply of workers.
Economics
Describe the three major broad categories of items that define the parts of a country's balance of payments.
What will be an ideal response?
Economics