Which of the Following Statements Is FALSE

question 45

Multiple Choice

Which of the following statements is FALSE?

• A)The process of moving a value or cash flow forward in time is known as compounding.
• B)The effect of earning interest on interest is known as compound interest.
• C)It is only possible to compare or combine values at the same point in time.
• D)A dollar in the future is worth more than a dollar today.

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Definitions:

Total Tax Revenue

The total amount of money collected by a government from taxes.

Glass Ceiling

An invisible barrier that prevents women and minorities from advancing to the highest levels of the corporate ladder, regardless of qualifications or achievements.

Discrimination

The unfair treatment of individuals based on their race, age, sex, nationality, or other characteristics.

Reluctant

Feeling or showing aversion, hesitation, or unwillingness.