Which of the Following Statements Is False

question 59

Multiple Choice

Which of the following statements is false?

• A) For a given APR, more frequent compounding results in additional return on the investment.
• B) An amortized loan is repaid in equal payments over a specified time period.
• C) The effective annual rate is determined by multiplying the interest rate charged per period by the number of periods in a year.
• D) APR can be greater than the effective annual rate

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Definitions:

Output Air Pressure

The pressure of air delivered from a compressor or a pressurized system, useful in various mechanical and pneumatic applications.

Drum Servo Brakes

A type of brake system that uses a servo mechanism to amplify the force applied by the driver, improving braking efficiency especially in heavy vehicles.

Self-energizing

Referring to a mechanism that uses the motion or force of its operation to increase its effectiveness without needing an external power source.

Secondary Shoes

Components of a drum brake system positioned to assist in braking, usually having less wear than primary shoes.