The Present Value of a Dollar

question 37

Multiple Choice

The present value of a dollar
1. increases as the interest rate increases
2. decreases as the interest rate increases
3. increases as the time period increases
4. decreases as the time period increases

• A)1 and 3
• B)1 and 4
• C)2 and 3
• D)2 and 4

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Definitions:

Shaping

A process in psychology where desired behavior is taught by reinforcing any steps that are closer to the target behavior.

Stimulus Assimilation

The process by which individuals integrate new information into their existing knowledge or frameworks.

National Brand

A product brand that is marketed and recognized across an entire country.

Private Brand

also known as a store brand or own brand, is a product that is owned, produced, and sold exclusively by a particular retailer.