With Regard to Money Deposited in a Bank, Future Values

question 117

Multiple Choice

With regard to money deposited in a bank, future values are

• A) smaller than present values.
• B) larger than present values.
• C) equal to present values.
• D) are completely independent of present values.

---

Definitions:

APR

Annual Percentage Rate, a measure used to compare the annual cost of borrowing or the annual yield from an investment, including interest and fees.

Quoted Loan Rates

The interest rates that banks or other lenders advertise as available to borrowers.

Competitive

Characterized by the existence of competition; striving to gain or win something by defeating or establishing superiority over others.