Which of the Following Statements Is FALSE

question 29

Multiple Choice

Which of the following statements is FALSE?

• A)Because interest rates may be quoted for different time intervals,it is often necessary to adjust the interest rate to a time period that matches that of our cash flows.
• B)The effective annual rate indicates the amount of interest that will be earned at the end of one year.
• C)The annual percentage rate indicates the amount of simple interest earned in one year.
• D)The annual percentage rate indicates the amount of interest including the effect of compounding.

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Definitions:

Antianxiety Drugs

Psychotropic drugs that help reduce tension and anxiety. Also called minor tranquilizers or anxiolytics.

Alcohol Withdrawal

A syndrome that occurs in individuals who have been heavily drinking over a long period of time and then suddenly stop or significantly reduce their alcohol intake.

Cognitive-behavioral Treatment

A type of psychotherapy that focuses on changing negative patterns of thought and behavior into positive ones to treat various mental health conditions.

Cocaine Abuse

The harmful consumption of cocaine, a powerful stimulant drug, leading to a range of physical, psychological, and social problems.