A car manufacturer offers either $2,000 cash back or zero percent financing for 5 years. A rational

consumer will always take the cash back because money received today is worth more than money
received in the future.

Indicate whether the statement is true or false


FALSE

Business

You might also like to view...

Discuss the basic needs identified by McClelland that are the most important for managers to understand.

What will be an ideal response?

Business

A(n) ______ gives the company information on the applicant in a standard form.

A. resume B. application C. phone call D. e-mail

Business

The federal courts only have jurisdiction to hear cases involving federal law

a. True b. False Indicate whether the statement is true or false

Business

The amount by which a closed-end fund's share price in the secondary market is below the fund's NAV is called the

A) market value. B) premium. C) discount. D) par value.

Business