A University Student Last Year Borrowed at a 10% Interest

question 5

Multiple Choice

A university student last year borrowed at a 10% interest rate when inflation was 5%. This year she borrows at 15% and inflation is 10%. Compared with last year, the student is:

• A) in a higher tax bracket.
• B) better off.
• C) worse off.
• D) the same.

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Definitions:

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The process in which an infant's teeth sequentially appear by breaking through the gums.

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The two front teeth located at the bottom center of the human dental arch, primarily used for cutting food.

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The act of feeding a baby with milk directly from the mother's breast, providing necessary nutrients and immune support.