Politicians Can Often Use the Concept of Rational Ignorance on the Part

question 293

True/False

Politicians can often use the concept of rational ignorance on the part of voters to their advantage.

---

Definitions:

Interest Due

The amount of interest payment required to be paid on a loan or debt at a specified date.

Maturity Value

The amount that will be received at the maturity date of a financial instrument, typically including the principal and the interest.

Note Receivable

A financial asset representing a written promise to receive a specific amount of money, plus interest, from another party at a future date.

Interest Due

The amount of interest that has accumulated on borrowed funds or investments that is payable to the lender or investor.