Can a financial system exist without the concept of interest, business and finance homework help
Can a financial system exist without the concept of interest? Can you conceive of an economy in which money has no time value? What are the factors that underlie interest rate changes? Also, is the efficient market hypothesis a satisfactory explanation for financial market behavior? Discuss the evidence for and against the applicability of the hypothesis, and determine which evidence is most compelling? What investment method would you select to develop your own portfolio?
Answer each question in detail. Please provide evidence from various sources for your views and cite them in your initial post.