Multiple Choice Questions on According to Keynes interest is a payment for ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

According to Keynes interest is a payment for ........

Economics- Phase (I & II) Determination of output and employment
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    According to Keynes, interest is a payment for

    Consumer's preference

    Incorrect Answer

    Producer's preference

    Incorrect Answer

    Liquidity preference

    Correct Answer

    State Bank's preference

    Incorrect Answer
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    Explanation:

    According to Keynes, interest is a payment for Liquidity preference. The Liquidity Preference Theory says that the demand for money is not to borrow money but the desire to remain liquid. In other words, the interest rate is the 'price' for money.

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