The "miracle of compound interest" is best described by which of the following?
A) Interest is paid on any currency held in your pockets.
B) Interest is paid on the prior interest earned, but not the principal.
C) Interest is paid only on the original principal deposited in an account.
D) Interest is paid on the principal plus the prior interest earned
D) Interest is paid on the principal plus the prior interest earned
You might also like to view...
In most cases, optimization in differences is faster and easier than optimization in levels because:
A) the former involves fewer steps to arrive at a conclusion. B) the former only focuses on the key differences between options and ignores things in common. C) the former focuses only on the benefits of an option, ignoring all calculations involving costs. D) the former uses simpler arithmetic tools in comparison to the latter.
Reinsurance allows ________ to reduce the risks of exposure by allocating a portion of the risk to ________ in exchange for a portion of the premium
A) insurance companies; another insurance company B) insurance companies; the insured C) the insured; the insurance company D) the insured; a bank
The government has used the Sherman Act to break up monopolies in which of the following industries?
A. Tobacco B. Fishing C. Trucking D. Coal
Large or persistent inflation is almost always caused by
a. excessive government spending. b. excessive growth in the quantity of money. c. foreign competition. d. higher-than-normal levels of productivity.