The Terms Competences and Capabilities Are Interchangeable

question 33

True/False

The terms Competences and capabilities are interchangeable.

Calculate the amount of principal given specific investment conditions.

Determine the necessary investment amount to achieve a specific interest payout.

Understand and calculate the time period necessary for investments to reach a certain value.

Master the concept of term deposits and their maturity dates.

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Definitions:

Production Possibilities Curve

A graph that shows the different quantities of two goods that an economy can produce with fixed resources and technology.

Human Economic Wants

Desires that require resources to satisfy, emphasizing the economic aspect of needs and desires.

After-Tax Income

The amount of net income left after all taxes have been deducted.

Consumption

The use of goods and services by households or individuals for personal or collective needs and satisfaction.