The Shorter the Length of Time Between a Present Value

question 5

Multiple Choice

The shorter the length of time between a present value and its corresponding future value,

• A) the lower the present value, relative to the future value.
• B) the higher the present value, relative to the future value.
• C) the higher the interest rate used in the discounting to the present value.
• D) None of these options are correct.

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Definitions:

Expressive Vocabulary

The set of words a person can actively use in speech or writing.

Holophrase

A single word that is used to express complex meanings.

Naming Explosion

A rapid increase in vocabulary that typically occurs in early childhood.

Expressive Explosion

A rapid increase in a child's vocabulary and expressive language skills, usually occurring between the ages of 18 months to 2 years.