Which of the Following Is NOT a Concept That You

question 21

Multiple Choice

Which of the following is NOT a concept that you need to understand to make rational financial decisions?

• A) More value is preferred to less value.
• B) Less risky assets are preferred to riskier assets.
• C) Current cash is more valuable than cash in the future.
• D) Discount rate is a decreasing function of risk.
• E) All of the above are needed.

---

Definitions:

Seaport Towns

Coastal towns with harbors where ships can dock to load and unload cargo or passengers.

Commercial Transactions

Business activities or endeavors that involve the exchange of goods, services, or funds between two or more parties.

Implied-In-Fact Contract

A contract formed by the actions or conduct of the parties involved, rather than written or spoken words.

Express

Clearly and explicitly stated or communicated, leaving no room for doubt or ambiguity.