What did Aristotle determine to be the meaning and purpose of life?
a. helping others
b. achieving happiness
c. learning about the world
d. learning to love
b. achieving happiness
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Which of the following methods of accounting for investments is appropriate when the investor has significant influence over the investee?
A) equity method B) consolidation C) cost method D) lower of cost or market method
You made your first $3,000 deposit today into a retirement account earning an average annual rate of 6%
How long will it take your deposit to reach a value of $50,000? How long will it take if instead you invest the money into an account earning 10% per year? After making your calculations, how does this information affect your decision-making regarding long-term investments? What will be an ideal response?
An emergency fund, or rainy-day fund, is comprised of liquid assets sufficient to cover 3.5 years of expenditures
Indicate whether this statement is true or false.
Which of the following statements is true?
A) A bank's assets are its uses of funds. B) A bank's assets are its sources of funds. C) A bank's liabilities are its uses of funds. D) Only B and C of the above are true.