Which of the Following Is Relevant When Deciding Whether to Drive

question 253

Multiple Choice

Which of the following is relevant when deciding whether to drive or fly home for semester break?

• A)Cost of plane ticket.
• B)Wear and tear on your vehicle.
• C)Cost of the gasoline.
• D)All of these costs are relevant.

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Definitions:

Month-End Contributions

Investments or payments made into a financial account or plan at the end of the month for accounting or strategy purposes.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Annual Rate

The interest rate for a whole year, as opposed to just a monthly fee/rate or other rate expressed for a different period.

Effective Interest Rate

The equivalent annually compounded rate of interest.