Ask Question
BusinessBusiness
24 September, 05:03

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

+3
Answers (1)
  1. 24 September, 05:28
    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?
Find 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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is meant by the phrase "charging whatever the market is willing to bear"
Answers (1)
Floor plan loan is a type of short-term loan to finance high priced inventory in which the purchased inventory is placed as collateral for the loan. (T/F) On average, finance companies have higher capital-to-total-asset ratio than that of commercial.
Answers (1)
Amortization of Intangible Assets MicroSystems Inc. acquired a patent for $180,000. MicroSystems amortizes the patent on a straight-line basis over its remaining economic life of 12 years.
Answers (1)
Match each type of business with the person or persons who get to keep the business's profits. A. Corporation Individual owner B. Partnership Stockholders C. Sole proprietorship Various investors
Answers (1)
The ratio of the debt to gdp is a measure of the burden the debt places on the economy. a. True b. False
Answers (1)
New Questions in Business
Companies can adapt their catalog revenue model online by replacing or supplementing their print catalogs with information on their Web sites. True False
Answers (1)
The United Kingdom produces computers and sells them to Japan. At the same time Japan produces cars and sells them to the United Kingdom. Suppose there is an appreciation in the pound. This will cause: A.
Answers (1)
When obtaining a mortgage, in order to not be taken, paying a much higher rate than neccessary, which can easily cost well over 100,000 additional dollars over the life of the loan, the authors recommend getting a minimum of how many quotes?
Answers (1)
Amber wants to apply for a job vacancy. She calls the recruiter who advertised this vacancy to learn more about the job. The recruiter gives some background information about the positive and negative qualities of the job to Amber.
Answers (1)
What is trade discount
Answers (2)
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?