Which One of the Following Statements Is Correct Concerning the Time

question 35

Multiple Choice

Which one of the following statements is correct concerning the time value of money?

• A) The future value of $1 at the end of a year is equal to $1 times 1 plus the annual interest rate.
• B) As the interest rate increases for any given year, the future value interest factor will decrease.
• C) The future value of $1 decreases with the passage of time.
• D) The future value interest factor is equal to zero if the interest rate is zero.

---

Definitions:

Broca's Area

An area located in the dominant hemisphere's frontal lobe (typically the left side) of the brain, associated with the generation of speech.

Penfield

Refers to Wilder Penfield, a neurosurgeon who made significant contributions to the understanding of the brain's function, particularly in mapping the sensory and motor cortices.

Language-Expression Deficits

Difficulties in the ability to convey thoughts, ideas, or feelings through spoken, written, or nonverbal language.

Wernicke's Aphasia

A form of aphasia characterized by fluent but meaningless speech and difficulty in understanding spoken words, often caused by damage to the posterior section of the temporal lobe.