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Which of the Following Is an External Factor That Exerts

question 48

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Which of the following is an external factor that exerts a significant impact on consumer choices?


Definitions:

Future Value

The value of an investment at a specific date in the future, calculated by applying a rate of interest or return to the principal amount.

Annually

Occurring once every year or relating to a period of one year.

Rate Of Return

The prosperity or setback experienced by an investment over a fixed timeline, posited as a percentage of the investment’s nascent cost.

Savings Account

A deposit account held at a bank or other financial institution that provides a modest interest rate.

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