Which of the Following Statements Is Correct

question 38

Multiple Choice

Which of the following statements is correct?

• A) Interest would not exist in a nonmonetary economy.
• B) The present value of a future dollar payment is directly related to the interest rate.
• C) The present value of a fixed dollar payment to be received in the future will decline as the length of the time before the payment will be received increases.
• D) During an extended inflationary period, the money (or nominal) interest rate will usually be lower than the real rate of interest.

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Definitions:

Cultural Hegemony

The pervasive and excessive influence of one culture throughout society.

Examples

Concrete instances or cases that illustrate or explain a general concept, idea, or phenomenon.

Cultural Values

The deeply held beliefs that guide behaviors and choices, shared by members of a cultural group, and transmitted across generations.

Social Stability

pertains to the state of society where social structures, practices, and institutions maintain equilibrium and resist sudden change, contributing to the orderly functioning of a community or society.