Which of the following statements is true of investing?

A. An early start to investing can lead to dramatically more money when it comes time to retire.
B. Investing in one type of financial security is less risky than investing in a diversified financial portfolio.
C. The later you begin investing, the more powerful the effect of compounding becomes.
D. Older investors are less concerned about risk than younger investors.


Answer: A

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Assume the deferred expense is initially recorded as an asset. What will be an ideal response

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The Consumer Product Safety Commission tries to encourage safe product design, but the commission has almost no power to deal with unsafe products.

Answer the following statement true (T) or false (F)

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For a contract to be valid, its subject matter must be lawful. A contract is illegal and unenforceable if its subject matter:

a. violates the common law b. is contrary to public policy c. violates state or federal statutory law d. none of the other choices e. all of the specific choices are correct

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When constructing a confidence interval for the population mean and the standard deviation of the sample is used, the degrees of freedom for the t distribution equals

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