Which of the Following Is True

question 6

Multiple Choice

Which of the following is true?

• A)People prefer the toll ways where they throw in some change every dozen miles or so to a toll road that has one payment at the end of the trip.
• B)Budgeting your income will often result in less total spending.
• C)High prices and rebates on cars simply irritate the consumer and make him feel treated like a fool.
• D)People tend to enjoy the process of buying a car more when the process involves difficult choices.

---

Definitions:

Invoice Price

The initial price that the manufacturer suggests the retailer to sell their product for, before any adjustments like discounts or rebates.

Accrued Interest

Interest that has been incurred but not yet paid or received, often relevant in bond investments and loans.

Asked Price

The minimum price a seller is willing to accept for an asset or security.

Coupon Bond

A type of bond that provides periodic interest payments to its holder, based on the fixed interest rate (coupon rate) of the bond.