A Bank Makes a Loan for One Year

question 252

Multiple Choice

A bank makes a loan for one year. The nominal annual interest rate is 7.5%. The real rate is 4%. Over the course of the year, overall prices increase by 4%. This rate of inflation hurt the _____ because the actual rate of inflation was _____ than the anticipated rate.

• A) borrower; lower
• B) borrower; higher
• C) lender; higher
• D) lender; lower

Differentiate between text and binary files in programming.

Learn how to create, open, close, and write to files.

Recognize the role of end-of-file (EOF) indicators.

Understand how to read from and write to files using specific functions.

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Definitions:

Educated Guess

A hypothesis or assumption made based on prior knowledge and rational inferences.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation.

Within-Subjects

A research design where the same participants are subjected to all conditions or treatments, allowing for direct comparison of different interventions on the same individual.

Design

The process of envisioning and planning the creation of objects, systems, or interactions, with a focus on aesthetics, functionality, and user experience.