A Student Finds Two Ancient Meters with Numbered Scales but No

question 2

Multiple Choice

A student finds two ancient meters with numbered scales but no unit markings. He thinks that one is an ammeter and one is a voltmeter but doesn't know which is which. He measures the resistance of each, finding that meter A has a resistance of 5000 ohms and meter B has a resistance of 0.10 ohm. He can conclude that

• A) B is the voltmeter and A is the ammeter.
• B) A is the voltmeter and B is the ammeter.
• C) A is the voltmeter but B cannot be a useful meter.
• D) B is the voltmeter but A cannot be a useful meter.
• E) neither can be a useful meter.

Comprehend the fundamentals of insurance policies, including term life insurance and the financial implications for the insurer and insured.

Grasp the principles of Social Security, including the determination of benefits and taxation.

Recognize the differences between traditional and Roth IRAs and their tax treatment.

Understand the calculation and implications of mortality rates in the context of insurance.

---

Definitions:

Net Cash Flow

The difference between a company's cash inflows and outflows within a specified period.

Time Value of Money

The concept that money available now is worth more than the same amount in the future due to its potential earning capacity.

Compound Interest

Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.

Payback Period Method

A capital budgeting method that calculates the time required for an investment to generate cash flows to recover its initial cost.