You Borrow $75,000 at an Interest Rate of 3% to Open

question 87

Multiple Choice

You borrow $75,000 at an interest rate of 3% to open Spinners, a bicycle shop. You will earn an economic profit if the return on your investment is

• A) greater than 3%.
• B) 3%.
• C) between 0 and 3%.
• D) 6% or less.

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Definitions:

Fraudulent Investments

Investments schemes or opportunities that are deceptive, promising high returns with little to no risk, but are actually designed to defraud investors.

Racial-Ethnic Background

The ethnic and racial heritage of an individual, encompassing the cultural, social, and historical influences of their ancestors.

Arrested

The act of being legally detained by authorities for a suspected crime.

Sexual Violence

Any sexual act or attempt to obtain a sexual act by violence or coercion, acts to traffic someone or acts directed against a person's sexuality, regardless of the relationship to the victim.