Twenty Thousand Unemployed World War I Veterans Descended on Washington

question 9

True/False

Twenty thousand unemployed World War I veterans descended on Washington in the spring of 1932 to demand early payment of a bonus due in 1945.

---

Definitions:

Project

A short-term effort made to develop a distinct product, service, or outcome.

Required Return

The minimum rate of return needed on an investment, determined by the investor’s risk tolerance and the investment’s risk.

NPV

Net Present Value; a calculation used to determine the present value of an investment by discounting its future cash flows.

Initial Investment

The amount of money used to start a new project, purchase an asset, or invest in the market at the initiation phase.