According to Convention,a Recession Is Referred to If an Economy

question 54

Multiple Choice

According to convention,a recession is referred to if an economy goes through

• A)at least two consecutive quarters of negative growth.
• B)at least three consecutive quarters of negative growth.
• C)at least four quarters of negative growth.
• D)at least two consecutive months of negative growth.

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Definitions:

Annuity Contract

A financial product offered by insurance companies that provides a series of payments at regular intervals for a specified period or for life.

Present Value

Today's value of a future monetary amount or a string of cash flows, considering a specified rate of return.

Periodic Interest Rate

The interest rate charged or earned over a particular period of time, often monthly, quarterly, or annually, as opposed to the annual percentage rate (APR).

Annuity

A retirement funding product that assures fixed payments over time to the receiver, primarily aimed at providing a stable income for retirees.