Your Money Will Grow or Compound ________ as the Number

question 125

Multiple Choice

Your money will grow or compound ________ as the number of compounding periods per year becomes ________.

• A)faster;smaller
• B)faster;larger
• C)slower;larger
• D)slower;compounded
• E)none of the above are correct

---

Definitions:

Cost Concept

An accounting principle that states all assets and services purchased by a company should be recorded at their cost price.

Market Value

The present rate at which a service or asset may be purchased or sold in the market.

Accounting Records

Documents and books that keep systematic financial data and transactions of a person, company, or entity.

Ethical Lapses

Instances where individuals or organizations fail to act in accordance with their moral or ethical standards.