EASY

1. What is expressed in the same period as the rate?

2. A. t

   B. r

   C. P

   D. A

(a)  

1. If the interest rates are not expressed as annual interest rate, what will you do?

2. A. Take it as it is.

   B. Assume that it is.

   C. It does not matter.

   D. None of the above.

(a)  

1. This is defined as the interest on a loan or principal that is based only on the original amount of the Loan or Principal.

2. A. Simple Interest

   B. Compound Interest

   C. Maturity Value

   D. Maturity Date

(a)  

1. In simple interest, the charges grow exponentially over a period of time.

2. A.True

   B.False

   C.Partially True

   D.Partially False

(a)  

1. The ordinary simple interest abides to the Gregorian calendar which has 30 days per month.

2. A.True

   B.False

   C.Partially True

   D.Partially False

(a)  

1. How many numbers of compounding periods do a compounding frequency bimonthly has?

2. A. 12

   B. 2

   C. 4

   D. 6

(a)  

1. What is the only case when P ∨ Q is false?

2. A. P is true and Q is false

   B. P is false and Q is true

   C. P is true and Q is true

   D. P is false and Q is false

(a)  

1. In which case is P ↔ Q false?

2. A. P is true, Q is true

   B. P is false, Q is false

   C. P is true, Q is false

   D. P and Q have the same value

(a)  

1. Which of the following makes P ∧ Q true?

2. A. P is true, Q is false

   B. P is false, Q is true

   C. Both P and Q are true

   D. Both P and Q are false

(a)  

1. What paradox refers to any apportionment situation where increasing the total number of items would decrease one of the shares?

2. A. Alabama Paradox

   B. Population Paradox

   C. New State Paradox

   D. Geometric Paradox

(a)