Which of the Following Statements Is True

question 119

Multiple Choice

Which of the following statements is true?

• A)The nominal interest rate is always higher than the real interest rate since the nominal interest rate equals the real interest rate plus the expected inflation rate.
• B)The nominal interest rate is always lower than the real interest rate since the nominal interest rate equals the real interest rate minus the expected inflation rate.
• C)The nominal interest rate can equal the real interest rate, but to do so the expected inflation rate must be zero percent.
• D)It is the nominal interest rate-not the real interest rate-that matters to borrowers.

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Definitions:

Tort

A legal wrong committed against a person or property, independent of contracts, for which the law provides a remedy.

Discriminatory Manner

Behaving or treating others in a biased way based on their race, age, sex, religion, or other personal characteristics.

Unlawful Invasion

An unauthorized entry or encroachment into another person's property or rights, often leading to legal action.

Office of the Privacy Commissioner of Canada

A federal agency responsible for overseeing and enforcing privacy protection laws in Canada.