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    Economics Study Set 1
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    Exam 15: Interest Rates and the Capital Market
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    The Present Value of a Given Future Payment Is Higher
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The Present Value of a Given Future Payment Is Higher

Question 48

Question 48

Multiple Choice

The present value of a given future payment is higher the ________ the rate of interest and the ________ distant the payment date.


A) higher; more
B) higher; less
C) lower; more
D) lower; less

Correct Answer:

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