A Series of Equal Payments That Occur at Equal Intervals

question 197

Multiple Choice

A series of equal payments that occur at equal intervals and go on forever is called a(n) :

• A)ordinary annuity.
• B)annuity due.
• C)perpetuity.
• D)non-ending stream.
• E)None of the above

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Definitions:

Federal Trade Commission

A federal agency charged with protecting consumers and ensuring a strong competitive market by enforcing antitrust and consumer protection laws.

Wheeler-Lea Act

The federal law of 1938 that amended the Federal Trade Commission Act by prohibiting unfair and deceptive acts or practices of commerce (such as false and misleading advertising and the misrepresentation of products).

Misleading Advertising

Promotional activities that intentionally or unintentionally deceive or misguide consumers regarding the nature, qualities, or benefits of a product or service.

Clayton Act

A U.S. legislation enacted in 1914 designed to enhance antitrust laws by prohibiting certain actions that could lead to anti-competitive practices.