Which Statement About the Rule of 70 Is NOT True

question 116

Multiple Choice

Which statement about the Rule of 70 is NOT true?

• A) It is a valuable tool for understanding the power of compounding growth rates over time.
• B) It is fairly accurate for small growth rates.
• C) It becomes more accurate over time.
• D) It is an easy way to approximate the number of years it takes for an amount to double in value.

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Definitions:

Fiscal Policy

Government policies related to taxation and spending to influence the economy.

Treasury Department

A sector of the government responsible for managing government revenue, including producing coins and bills, issuing Treasury bonds, and other financial instruments.

Administration

The management and organization of all the activities of a government or institutional body.

Edward Snowden

Edward Snowden is a former National Security Agency contractor who leaked classified information in 2013, revealing global surveillance programs.