Which of the Following Statements Is False

question 88

Multiple Choice

Which of the following statements is false?

• A) Petroleum was formed from the decomposition of marine plants and animals.
• B) Petroleum is refined using fractional distillation.
• C) Short chain hydrocarbons derived from petroleum are used for asphalt.
• D) Diesel fuel is derived from a higher boiling fraction of petroleum than gasoline.

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Definitions:

Real Interest Rate

The interest rate that has been adjusted for inflation, showing the real cost of funds to the borrower and the real yield to the lender.

Social Security

A government program designed to provide financial assistance and support to people with inadequate or no income, primarily the elderly, disabled, and families with dependent children.

Inflation

The quickening in the standard cost evaluation for goods and services, wearing down the strength to purchase.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate inflation.