This compensates lenders for giving up money by Dr. Robert Murphy

Question 60 / 100: This compensates lenders for giving up money available to them now, in exchange for a promise to be paid back with money not available until the future.

A principal

B credit

C debt

D interest

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Lessons for the Young Economist MCQ

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Dr.Robert MurphyAssociated Scholar

Mises Institute

USA

Attribution: Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY

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