Which of the Following Best States Luther's Basic Doctrine

question 19

Multiple Choice

Which of the following best states Luther's basic doctrine?

• A) All sinners can achieve salvation through participation in the sacraments of Baptism and Eucharist.
• B) Faith and good works are necessary for salvation.
• C) Salvation is achieved through faith alone.
• D) God chooses the elect regardless of what they do.

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Definitions:

Current Consumption

The portion of income or wealth that is spent on goods and services in the present, as opposed to saving for future expenditure.

Future Consumption

The saving or postponing of consumption today in order to consume in the future, often considered in economic theories of savings and investment.

Real Rate

The interest rate adjusted for inflation, reflecting the real purchasing power of interest earnings.

Nominal Rate

The interest rate before adjusting for inflation, reflecting the percentage that is paid for the use of money.