The Present Value of a Given Future Payment Is Higher

question 66

Multiple Choice

The present value of a given future payment is higher the _ _ the rate of interest and the distant the payment date.

• A)lower; more
• B)lower; less
• C)higher; more
• D)higher; less

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Definitions:

Tokenism

The practice of making only a perfunctory or symbolic effort to include or represent members of minority groups, often to give the appearance of equality.

Hierarchical Structure

An organizational form that ranks entities in levels of importance or authority, often found in businesses, governments, and institutions.

Reference Group

Any group that individuals use as a standard for evaluating themselves and their own behavior.

Self-Esteem

A person's overall subjective emotional evaluation of their own worth.