----------- defined Interest as “an index of the community’s preference for a dollar of present over a dollar of future income.”

Related MCQs

• If interest rates rise, the present value of any future earnings is bound to:
• According to the liquidity preference theory of interest, an increase in uncertainty, other things being equal, will:
• The Time- Preference Theory of Interest was expounded by-----------
• Who propounded liquidity preference theory of interest?
• ————— represent claims for the payment of a sum of money sometimes in the future and/or a periodic payment in the form of interest or dividend.
• In a situation where share prices are generally depressed because long-term interest rates are expected to rise in future, a large firm looking for long-term finance would normally consider:
• The reason that finding the present value of a future sum of money requires us to discount it, is that:
• According to --------- theory of interest, the rate of Interest is the price of credit which is determined by the demand and supply for loanable funds.
• Type of swaps in which fixed payments of interest are exchanged by two counterparties for floating payments of interest are called
• For given change in interest rates, percentage change in present value of bond is classified as