The present discounted value of a future payment will decrease when the
A. Opportunity cost of money decreases.
B. Interest rate increases.
C. Future payment is closer to the present.
D. Risk of nonpayment increases.
Answer: B
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As output increases, average fixed cost
A) always decreases. B) increases, then decreases. C) decreases, then increases. D) remains constant.
Which region in the New World received the smallest share of slaves?
a. Brazil b. Colonial America c. Spanish America d. French Caribbean
With globalization, the world is moving from hundreds of national economies toward one large world economy
Indicate whether the statement is true or false
Unemployment generally rises during ________ and falls during ________.
A. peaks; troughs B. recession; expansion C. inflation; deflation D. booms; busts