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.

---

Definitions:

Photosystem II

A component of the chloroplasts in plants and algae involved in the light-dependent reactions of photosynthesis, particularly in water-splitting and oxygen production.

Cyclic Electron Pathway

Alternate form of the light-dependent reactions in photosynthesis that does not produce NADPH.

Noncyclic Electron Pathway

Light-dependent photosynthetic pathway that is used to generate ATP and NADPH. Because the pathway is noncyclic, the electrons must be replaced by the splitting of water (photolysis).

Calvin Cycle Reactions

A series of biochemical redox reactions that take place in the stroma of chloroplasts in photosynthetic organisms. It is a critical part of the process of carbon fixation, converting carbon dioxide into glucose.