Which form of ownership requires the unities of possession, interest, time and title?

Which of the following statements about compounding and interest rates is least accurate?

A) All else equal, the longer the term of a loan, the lower will be the total interest you pay. B) Present values and discount rates move in opposite directions. C) On monthly compounded loans, the effective annual rate (EAR) will exceed the annual percentage rate (APR).

_____ is based on past experience-consumers have a set price or a price range in mind that they refer to when they evaluate a product's cost.

Fill in the blank(s) with the appropriate word(s).