a-2, b-3, c-4, d-1
a-1, b-2, c-3, d-4
a-3, b-2, c-1, d-4
a-4, b-2, c-1, d-3
Answer is Wrong!
Answer is Right!
The correct answer is: A. a-2, b-3, c-4, d-1
- Time preference theory is a theory of interest that states that people prefer to have goods and services now rather than in the future. This is because people have a positive time preference, which means that they value goods and services more highly when they are received sooner rather than later. This theory was developed by Austrian economist Eugen von Böhm-Bawerk.
- Classical theory of interest is a theory of interest that states that interest is determined by the supply and demand for loanable funds. The supply of loanable funds is determined by savings, while the demand for loanable funds is determined by investment. This theory was developed by classical economists such as David Ricardo and Adam Smith.
- Loanable fund theory is a theory of interest that states that interest is determined by the supply and demand for loanable funds. The supply of loanable funds is determined by savings, while the demand for loanable funds is determined by investment. This theory was developed by Swedish economist Knut Wicksell.
- Liquidity preference theory is a theory of interest that states that interest is determined by the demand for money. The demand for money is determined by the transactions motive, the precautionary motive, and the speculative motive. This theory was developed by British economist John Maynard Keynes.
In conclusion, the correct answer is: A. a-2, b-3, c-4, d-1.