Which of the Following Statements Is (Are) TRUE

question 453

Multiple Choice

Which of the following statements is (are) TRUE?

• A) In terms of careers in adulthood, dual-career families have become more common.
• B) Although the combination of work and family roles can be demanding, multiple roles can provide both men and women with increased feelings of self-esteem, happiness, and competence.
• C) Married women with children are much more likely to interrupt their careers, leave jobs, or switch to part-time work because of child-rearing responsibilities.
• D) All these statements are true.

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Definitions:

Effective Annual Rate

The interest rate on a loan or financial product restated from the nominal rate as an annual rate, including any compounding that occurs during the year.

APR

Annual Percentage Rate, a measure that reflects the annualized cost of borrowing including interest and other fees, making it easier to compare different financial products.

Rate of Compounding

The frequency with which interest is added to the principal balance of an investment, which can significantly affect the total interest earned or paid.

Ordinary Annuity

A series of equal payments made at regular intervals over a specified period of time.