In Order to Take Advantage of the Time Value of Money

question 72

Multiple Choice

In order to take advantage of the time value of money you should do all of the following except

• A)pay bills electronically so you can delay payments and still ensure on-time payment.
• B)pay bills a little later than the due dates to take advantage of month-ending interest on your savings account.
• C)use settings on many bill-paying Web sites that allow you to set a future date for payment once you receive a bill.
• D)make use of your money while you have it,but always make payments by the obligation dates.

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Definitions:

Commercial Allies

Countries or organizations that engage in mutual cooperation to enhance economic growth, trade relations, and business development.

Foreign Allies

Countries that form partnerships or alliances with one another, often for mutual benefit such as defense, security, or economic cooperation.

Union Officers

Military leaders or officials in the Union army during the American Civil War.

Confederacy

A league or alliance, especially of states or groups. Historically, it also refers to the Confederate States of America, a collection of 11 southern states that seceded from the United States in 1860-1861.