英語 での The rate of interest の使用例とその 日本語 への翻訳
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For example, if the wage for one year amounts to £50 and the rate of interest is 5%, the annual labour-power is equal to a capital of £1,000.
Besides, these theories have failed to answer how a variable factor can possibly determine a fixed factor like the rate of interest?
In secured debt consolidation loans, the rate of interest are significantly lower than the unsecured debt consolidation loans where rate of interest vary according to the borrowers credit history.
People's propensity to spend(as I call it) is influenced by many factors such as the distribution of income, their normal attitude to the future and-though probably in a minor degree-by the rate of interest.
Thus, instead of the marginal efficiency of capital determining the rate of interest, it is truer(though not a full statement of the case) to say that it is the rate of interest which determines the marginal efficiency of capital.
But under a system by which the rate of interest finds, under the operation of normal financial forces, a uniform level throughout the world, after allowing for risk and the like, this is most unlikely to occur.
For example, in his open letter to President Roosevelt in 1933, Keynes wrote,"I see no reason why you should not reduce the rate of interest on your long-term Government Bonds to 21⁄2 per cent or less with favourable repercussions on the whole bond market, if only the Federal Reserve System would replace its present holdings of short-dated Treasury issues by purchasing long-dated issues in exchange" Chart 1.
The rates of interest specified in this Agreement are intended to be.
It is evident, then, that the rate of interest is a highly psychological phenomenon.
This does not mean, of course, that the rate of interest is the only fluctuating influence on these prices.
Furthermore, it seems unlikely that the influence of banking policy on the rate of interest will be sufficient by itself to determine an optimum rate of investment.
Indeed, the transformation of society, which I preferably envisage, may require a reduction in the rate of interest towards vanishing point within the next thirty years.
(1) Mercantilists' thought never supposed that there was a self-adjusting tendency by which the rate of interest would be established at the appropriate level.
In other words it is tacitly assuming that the monetary policy is such as to maintain the rate of interest at that level which is compatible with full employment.
In this case a small decline in money income would lead to a large fall in the rate of interest, probably sufficient to raise output and employment to the full.
As Hicks pointed out, the"classical" theory of the rate of interest was that it was determined by the requirement that desired savings equal desired investment, as in Figure 1.
However the rate of interest is not low.
The rate of interest is good.
The rate of interest is good.
It is the rate of interest at the time.