Which of the Following Is Not a Characteristic of an Annuity

question 67

Multiple Choice

Which of the following is not a characteristic of an annuity?

• A)It is a series of equal payments.
• B)It earns an equal interest rate each interest period.
• C)Interest is compounded annually.
• D)Interest periods are of equal length.

---

Definitions:

Voters' Welfare

The overall well-being and economic status of individuals who are eligible to vote, often considered in political and economic decisions.

Political Candidate

An individual who offers themselves for a public office or position through an electoral process.

Monetary Contraction

A reduction in the total supply of money in circulation, often through central bank policies, aiming to control inflation and stabilize the economy.

Real Output

The total amount of goods and services produced, adjusted for inflation or deflation.