Discounting is the process of
a. cutting prices to get rid of surplus stocks.
b. finding the present value of future dollars.
c. finding the future value of present dollars.
d. giving special concessions to special customers.
b
You might also like to view...
Immigrants tend to choose countries closer to their country of origin because:
A. bordering countries always have high wage rates. B. there are fewer beaten paths to nearby countries, and therefore better prospects of finding a good job. C. neighboring countries usually speak the same language. D. migration costs tend to be directly related to distance from the country of origin.
A decrease in the interest rate, other things being equal, causes a(n):
A. upward movement along the demand curve for money. B. downward movement along the demand curve for money. C. rightward shift of the demand curve for money. D. leftward shift of the demand curve for money.