Which One of the Following Statements Is NOT True

question 40

Multiple Choice

Which one of the following statements is NOT true?

• A) The APR is the appropriate rate to do present and future value calculations.
• B) The EAR is the appropriate rate to do present and future value calculations.
• C) The EAR is the true cost of borrowing and lending.
• D) The EAR takes compounding into account.

---

Definitions:

Diggers

A group of radical English Protestant agrarians who, in the 17th century, advocated for communal land ownership and the redistribution of land.

Political Unrest

Refers to a period of public dissatisfaction or protest against governments or political systems, often leading to instability.

English Civil War

A series of armed conflicts and political machinations between Parliamentarians and Royalists from 1642 to 1651 in England, concerning governance and authority issues.

Sovereignty

The authority of a state to govern itself or another state, encompassing the concept of absolute power and independence within a territory.