1. Explain what these terms mean in Fishers theory of interest rates: a. the marginal rate of...

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1. Explain what these terms mean in Fisher’s theory of interest rates:

a. the marginal rate of time preference;

b. the marginal productivity of capital; and

c. the equilibrium interest rate.

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Foundations Of Global Financial Markets And Institutions

ISBN: 9780262039543

5th Edition

Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann

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