Which Statement Is True

question 62

Multiple Choice

Which statement is true?

• A)Prices are high because rents are high.
• B)Profits are determined by supply and demand.
• C)If there were no inflation,$1 today would be worth more than $1 received in the future.
• D)Aristotle favored high interest rates as a reward for saving.

---

Definitions:

Closed-End Funds

A type of investment fund with a fixed number of shares that are traded on a stock exchange.

Prior Beliefs

Are the pre-existing convictions or assumptions an investor has about the market or a specific asset before receiving new information. These beliefs can significantly influence investment decisions and strategies.

Extreme Forecasts

Predictions about financial markets or economic conditions that significantly deviate from consensus views.

Recent Experience

Refers to the impact of freshly encountered information or events on an individual's decisions or perceptions.