Which of the Following Statements Is Not True

question 83

Multiple Choice

Which of the following statements is not true?

• A)Most people prefer to consume now than in the future.
• B)If you put $100 in a bank on 1/1/2010 and it earns compound interest at an annual rate of 10%,on 12/31/2011,you will have exactly $220.
• C)a dollar received today starts earning interest sooner than one received tomorrow.
• D)starting to save $2,000 a year at 10% at age 23 doubles the cash you would have if instead you started saving $2,000 a year at age 36.

---

Definitions:

Idiocy/Insanity

Terms historically used to describe individuals with certain mental illnesses or intellectual disabilities, now considered derogatory and inappropriate.

Psychosis

A mental health disorder characterized by a disconnection from reality, which may involve hallucinations, delusions, and impaired thought processes.

Lifestyle Cause

Lifestyle cause relates to how personal habits and ways of living contribute to health conditions or social outcomes.

Human-Environmental

The relationship and interaction between human beings and their environment, including how they affect each other.