In Which Animal Would You Expect Circannual Rhythms to Be

question 25

Multiple Choice

In which animal would you expect circannual rhythms to be most pronounced?

• A) Humans
• B) Hummingbirds that live in relatively constant environments
• C) Bears that hibernate in the winter
• D) Fruit flies,whose life span is usually shorter than a month
• E) None of the above

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Definitions:

Interest Rate

The percentage of a loan amount charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage of the principal.

Arbitrage

The simultaneous purchase and sale of the same assets or commodities in different markets to profit from unequal prices.

Well-functioning Market

A market where resources are allocated efficiently, information is freely available, transaction costs are low, and property rights are protected.

Nominal Interest Rate

The percentage increase in money that borrowers pay lenders, not adjusted for inflation.