What Was the Prevailing Belief Prior to the Time of Lyell

question 28

Multiple Choice

What was the prevailing belief prior to the time of Lyell and Darwin?

• A) Earth is a few thousand years old, and populations are unchanging.
• B) Earth is a few thousand years old, and populations gradually change.
• C) Earth is millions of years old, and populations rapidly change.
• D) Earth is millions of years old, and populations are unchanging.
• E) Earth is millions of years old, and populations gradually change.

---

Definitions:

Present Value

The current value of a future sum of money or stream of cash flows, given a specified rate of return.

Mutual Fund

An investment vehicle comprised of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.

IRA Funds

Investment vehicles that provide individuals with a means to save for retirement with tax advantages.

Discount Rate

The interest rate used to discount future cash flows of investments or projects to their present value, crucial for assessing their profitability.