The Story Goes That George Washington (As a Small Child)

question 115

Multiple Choice

The story goes that George Washington (as a small child) cut down his father's cherry tree with a hatchet. When asked who might have committed this act (even though young Washington was afraid of punishment for the act) , George replied, "I cannot tell a lie; I cut down the cherry tree." This story has taken on mythical proportions in the United States and is designed to provide a model for personal conduct. Which of the following functions would the myth best match?

• A) metaphysical
• B) cosmological
• C) sociological
• D) psychological

---

Definitions:

Interest Rate

The share of a loan subjected to interest charges for the borrower, often expressed as an annual percentage of the total loan that is yet to be paid.

Annual Payment

A payment made once a year, often in the context of loans, leases, or insurance policies.

Investment

The allocation of resources, usually money, in order to generate income or profit.

Present Value

The calculated value in current terms of an expected future cash flow or sum of money, discounting at a given rate of return.