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Most Prison Industries Are Self-Supporting and Use No Tax Dollars

question 37

True/False

Most prison industries are self-supporting and use no tax dollars to run the programs.


Definitions:

Present Value

The existing value of a future sum of money or cash flows, considering a certain return rate.

Interest Rate

The percentage of a loan amount that is charged to the borrower as interest, usually calculated on an annual basis from the outstanding loan.

Efficient Markets Hypothesis

A financial theory stating that asset prices fully reflect all available information.

Overvalued

A term used to describe a situation in which a security or asset is trading at a price that exceeds its intrinsic value.

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