The current worth of future income after it is discounted, to reflect the fact that future dollars are worth less than current dollars, is called
a. the net present value of the income.
b. arbitrage.
c. the inflationary premium.
d. the real interest rate.
A
Economics
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As a currency depreciates:
A) exports increase and imports decrease. B) exports decrease and imports increase. C) exports increase and imports increase. D) exports decrease and imports decrease.
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