Which of the Following Statements Is Correct

question 138

Multiple Choice

Which of the following statements is correct?

• A)a. A 15-year mortgage will have larger monthly payments than a 30-year mortgage.
• B)b. If an account earns 3 percent per year compounded annually, then it also has an effective annual rate (EAR) of 3 percent.
• C)c. The present value of a $500 perpetuity is greater if the interest rate is higher.
• D)d. Statements a, b, and c are correct.
• E)e. Only statements a and b are correct.

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Definitions:

Marx's Theory

A social, political, and economic philosophy named after Karl Marx, which examines the effect of capitalism on labor, productivity, and economic development and argues for a worker revolution to overturn capitalism in favor of communism.

Weber's Theory

Max Weber's sociological framework that emphasizes the importance of social actions and the structures of society, including class, status, and power.

Subjective Meanings

Refers to the personal, internal interpretations and understandings individuals have about the world around them.

Functionalist Theory

A sociological perspective that emphasizes the societal structures that contribute to stability and functionality within a society.