Which of the Following Investments Would You Prefer

question 47

Multiple Choice

Which of the following investments would you prefer?

• A)An investment earning 10 percent for 20 years
• B)An investment earning 8.5 percent for 20 years
• C)An investment earning 5 percent for 40 years
• D)An investment earning 3 percent for 40 years

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Definitions:

DMV

The Department of Motor Vehicles, a state-level government agency that administers vehicle registration and driver licensing.

Enabling Statutes

Laws passed by legislatures that grant certain powers or establish specific governmental bodies or agencies.

Accounting Commission

An accounting commission typically refers to a regulatory body or group tasked with overseeing accounting practices and standards.

Hybrid Rule Making

A type of rule making that combines features of formal and informal rule making; consists of publication in the Federal Register, a written-comment period, and an informal public hearing with restricted cross-examination.