Which of the Following Statements Is FALSE

question 22

Multiple Choice

Which of the following statements is FALSE?

• A)Finding the present value (PV)and compounding are the same.
• B)A dollar today and a dollar in one year are not equivalent.
• C)If you want to compare or combine cash flows that occur at different points in time,you first need to convert the cash flows into the same units or move them to the same point in time.
• D)The equivalent value of two cash flows at two different points in time is sometimes referred to as the time value of money.

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Definitions:

Rational-Emotive Behavior Therapy

A form of psychotherapy that identifies irrational beliefs, challenges them, and encourages the adoption of healthier, more rational thought patterns.

Albert Ellis

An American psychologist who developed Rational Emotive Behavior Therapy (REBT), a form of psychotherapy that emphasizes changing irrational beliefs to overcome emotional and behavioral issues.

Cognitive Therapy

A form of psychotherapy that treats problems and boosts happiness by modifying dysfunctional emotions, behaviors, and thoughts.

Psychodynamic Therapist

A mental health professional who applies psychodynamic theories to understand and treat psychological disorders, focusing on unconscious processes.