According to Keynes interest is a payment for ...

341 views

Economics- Phase (I & II) Determination of output and employment Add to Study Deck

According to Keynes, interest is a payment for

Consumer's preference

Producer's preference

Liquidity preference

State Bank's preference

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.

By: honey kaundal

Profile ResourcesReport error

Determination of output and employment

Economics- Phase (I & II)

Submit Error

Let's Discuss

Post Comment

Weekly Current Affairs

Week 4, 22-Jan-23 To 28-Jan-23

Download Now

Weekly Quiz

Week 4, 22-Jan-23 To 28-Jan-23

Start Now