Ask Question
BusinessBusiness
23 October, 22:32

The price that a person must pay in order acquire purchasing power now rather than in the future is called

+4
Answers (1)
  1. 24 October, 01:00
    0
    the interest rate.

    Explanation:

    The interest rate -

    It refers to the due money for the principal amount for the borrowing process, is referred to as the interest rate.

    The amount of interest is directly proportional to the principal amount.

    i. e.,

    more the principle amount, more would be the interest rate, and vice versa.

    The interest rate applied on the yearly basis, is refers to as the annual interest rate.

    Hence, from the given statement of the question,

    The correct answer is the interest rate.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The price that a person must pay in order acquire purchasing power now rather than in the future is called ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What does the following define? Even though most public goods come from taxes, they often appear to be free. If people think something is free they will overuse it. A. utility theory B. moral hazard C. free-rider problem D. public choice theory
Answers (2)
George's Quick Stop is planning to compete using a cost-leadership strategy. Doing this means George's will have what kind of products in their convenience stores?
Answers (1)
Postal Express has outlets throughout the world. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held 240,000 reals in Brazil worth 170,000 dollars.
Answers (2)
Joe's income is $500, the price of food (F, y-axis) is $2 per unit, and the price of shelter (S, x-axis) is $100. Which of the following represents his budget constraint? A. 500 = 2F + 100S B. F = 250 - 50S C. S = 5 -.02F D. All of the above.
Answers (1)
Explain why the Industrial workers of the World (IWW) grew so rapidly and aroused so much opposition.
Answers (1)
New Questions in Business
Beth has just been hired as a cocktail waitress. she must be certified as a seller-server within:
Answers (1)
Ashbury Corporation reports 2016 and 2017 total revenues of $90.0 million and $100.8 million respectively. If we expect prior growth to persist, we would forecast a revenue growth rate of:A. 15%B. 12%C. 24%D. 9%E. None of the above
Answers (1)
At the beginning of the year, Smith, INc., budgeted the following: Units: 10,000 Sales: $100,000 Total variable expenses: $ 60,000 Total fixed expenses: $ 20,000 Variable factory overhead $ 30,000 Fixed factory overhead: $ 10,000 There were no
Answers (1)
Super Saver Groceries purchased store equipment for $35,500. Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $3,500.
Answers (1)
What information goes into a credit score
Answers (1)
Home » Business » The price that a person must pay in order acquire purchasing power now rather than in the future is called
Sign Up Forgot Password?