Which of the Following Statements Is False

question 132

Multiple Choice

Which of the following statements is false?

• A) If the discount (or interest)rate is positive,the future value of an expected series of payments will always exceed the present value of the same series.
• B) To increase present consumption beyond present income normally requires either the payment of interest or else an opportunity cost of interest foregone.
• C) Disregarding risk,if money has time value,it is impossible for the present value of a given sum to be greater than its future value.
• D) Disregarding risk,if the present value of a sum is equal to its future value,either r = 0 or t = 0.
• E) Each of the above statements is true.

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Definitions:

Hand-off-automatic Circuit

A control circuit configuration that allows an operator to select between manual, off, or automatic operation of a device or system.

Operator

An individual or entity that controls, manages, or manipulates machinery, equipment, or systems.

Pilot Device

A manual or automatic device that provides control input to a more complex system, often used to initiate, modulate, or stop functions.

Control Coil

An electromagnetic coil that is used to control the operation of a device, often found in relays, solenoids, and valves.