Which of the Following Statements Is Correct

question 122

Multiple Choice

Which of the following statements is correct?

• A) If a bank uses quarterly compounding for saving accounts,the simple rate will be greater than the effective annual rate.
• B) The present value of a future sum increases as the simple interest rate increases or the number of discount periods per year decreases.
• C) The present value of a future sum increases as either the simple interest rate or the number of discount periods per year increases.
• D) The present value of a future sum decreases as either the simple interest rate or the number of discount periods per year increases.
• E) All of the above statements are false.

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Definitions:

Belmont Report

A foundational document in the ethics of human subjects research, outlining respect for persons, beneficence, and justice as key principles.

Common Rule

A set of ethical principles for protecting human subjects in research, widely adopted by research institutions in the United States.

Federal Agencies

Governmental bodies at the federal level that have specific responsibilities and authority to implement and enforce laws.

Confidentiality

The ethical or legal duty to protect personal or sensitive information from unauthorized disclosure.