Prove or Disprove That the Greedy Algorithm for Making Change

question 6

True/False

Prove or disprove that the greedy algorithm for making change always uses the fewest coins possible when the
denominations available are 1-cent coins, 8-cent coins, and 20-cent coins.

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Definitions:

Financial Leverage

The use of borrowed funds with a fixed cost in an effort to amplify the potential return to shareholders.

Bonds Payable

Long-term liabilities represented by documents promising to pay a specified sum of money at a future date plus periodic interest payments to bondholders.

Accounts Payable

Represents the amounts owed by a company to its creditors for goods and services purchased on credit.

Price-Earnings Ratio

The price-earnings ratio (P/E ratio) is a valuation measure comparing the current share price of a company to its per-share earnings, indicating how much investors are willing to pay per dollar of earnings.