According to the Hierarchy of Needs Concept

question 73

Multiple Choice

According to the hierarchy of needs concept:

• A) People's needs may be arranged in a hierarchy.
• B) Once a need is satisfied, it will motivate.
• C) The need for belonging is the highest level need.
• D) All of the above.

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Definitions:

Interest Rate

The proportion of interest charged to a borrower by a lender for the use of borrowed money.

Investment

The operation of earmarking financial resources with the hope of obtaining a return or profit.

Simple Interest

A method of calculating interest where the interest charge is based on the original principal only, not on the accumulated interest.

Maturity Value

The amount payable to an investor at the end of a security's term or life, which typically includes the principal plus interest.