Which of the Following Statements Is True

question 10

Multiple Choice

Which of the following statements is true?

• A)Power is a right.
• B)Authority is one's ability to influence decisions.
• C)Authority is a right.
• D)Both power and authority are rights.

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Definitions:

Central Bank

A national bank that provides financial and banking services for its country's government and commercial banking system and implements monetary policy.

Economic Growth

An increase in the production of goods and services in an economy over time, typically measured as the percentage increase in real GDP.

Inflation

The pace at which the overall price level for goods and services increases, diminishing the buying power.

Value Of Assets

The worth of a company's or individual's possessions, measured in monetary terms.