Which of the Following Statements Is True with Respect to the Present

question 50

Multiple Choice

Which of the following statements is true with respect to the present value of a future amount?

• A) The higher the discount rate, the higher the present value of a single sum for a given time period.
• B) The relation between present value and time is exponential.
• C) The greater the time period, the higher the present value of a single sum for a given interest rate.
• D) The lower the discount rate, the lower the present value of a single sum for a given time period.

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Definitions:

Shaw V. Reno

A landmark United States Supreme Court case that addressed the issue of racial gerrymandering and set important precedents for redistricting based on race.

Freedom Rides

Activist campaigns in which individuals rode interstate buses into segregated southern United States in 1961 to challenge the non-enforcement of Supreme Court rulings declaring segregated buses unconstitutional.

Sit-ins

A form of protest where individuals occupy a space, refusing to move until their demands are met, famously used during the civil rights movement to desegregate facilities.

Civil Rights Movement

A pivotal movement during the 1950s and 1960s in the United States, aimed at ending racial segregation and discrimination against African Americans and securing legal recognition and federal protection of the citizenship rights enumerated in the Constitution and federal law.