Lenders generally want a higher interest rate to compensate them when loans stretch over a longer period because:
A. lenders want to be compensated for being unable to get their money back quickly.
B. the opportunity cost increases over time.
C. there's more uncertainty about potential future investment opportunities.
D. All of these are true.
Answer: D
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The U.S. Congress passed legislation in the late 1800 . that established land-grant universities to educate citizens in agriculture, home economics, mechanical arts, and other practical professions. Two important missions for land-grant universities are education and research. Explain how the establishment of land- grant universities has affected the growth of the U.S. economy
Which of the following types of goods is subject to the free-rider problem?
A) a private good B) a public good C) a product that creates a positive externality D) a product that creates a negative externality
When someone contracts to do a task but fails to put full effort into the performance of an agreement, yet the lack of effort is not independently verifiable, this lack of effort constitutes a
a. breach of contractual obligations b. denial of good guarantee c. loss of reputation d. moral hazard
A decrease in the interest rate, other things being equal, causes
a. an upward movement along the demand curve for money. b. a downward movement along the demand curve for money. c. a rightward shift of the demand curve for money. d. a leftward shift of the demand curve for money.