Would the rate of interest on saving deposits be an appropriate measure of the rate of time
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Would the rate of interest on saving deposits be an appropriate measure of the rate of time preference to a person who is currently paying an interest rate of 18 percent per annum on an automobile loan? Explain your answer.
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Related Book For
Intermediate Microeconomics
ISBN: 9780155414969
1st Edition
Authors: Robert W. Clower, Philip E. Graves
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