Which of the Following Statements Is FALSE About Valuing Cash

question 61

Multiple Choice

Which of the following statements is FALSE about valuing cash at different points in time?

• A) The process of moving forward along the timeline to determine a cash flow's value in the future 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:

Personal Health Record (PHR)

A health record that provides a summary of medical information, maintained in electronic or other format by an individual, that can be shared with anyone of the patient’s choosing.

Secure Internet Sites

Websites that use encryption and other security measures to protect data and users' personal information from unauthorized access.

Federal Laws

Legislation enacted by the national government of a country that applies to all regions and citizens within that nation.

Electronic Health Record (EHR)

Digital version of a patient’s medical history, maintained by the provider over time, that includes all the key administrative clinical data relevant to that person's care under a particular provider.