Examlex

Solved

Wants Are Something You Think About, and Needs Are Based

question 21

True/False

Wants are something you think about, and needs are based on your feelings and desires.


Definitions:

Future Sum

The amount of money or value to be received or paid at a specified date in the future.

Interest Rate

The fee, represented as a fraction of the initial sum, that a creditor levies on a debtor for asset utilization.

Interest Rates

A borrower pays this rate, calculated as a percentage of the principle, to a lender in exchange for the use of assets.

Investments

Assets or commodities acquired with the intention of generating income or appreciating in value over time.

Related Questions