Which of the Following Statements Is TRUE

question 28

Multiple Choice

Which of the following statements is TRUE?

• A)On many calculators the TVM key for interest is I/Y; this is Interest per Year,or the EAR rate.
• B)On many calculators the TVM key for interest is Y/I; this is Interest per Year,or the APR rate.
• C)On many calculators the TVM key for interest is I/Y; this is Interest per Year,or the APR rate.
• D)On many calculators the TVM key for a period is I/Y.

---

Definitions:

Insurance Exchanges

Platforms where insurance companies offer their products to consumers, allowing for comparison of plans and pricing.

Patient Protection And Affordable Care Act

A comprehensive health care reform law enacted in 2010 in the United States, aimed at expanding health insurance coverage and reducing healthcare costs.

Health Care Spending

The total amount of money spent on health care services and products within a country or region.

Insurance Exchanges

Marketplaces established to facilitate the purchase of health insurance in every state, as part of the Affordable Care Act, allowing consumers to compare and buy insurance plans.