If the Current Inflation Rate Is 4% and You Have

question 43

Multiple Choice

If the current inflation rate is 4% and you have an investment opportunity that pays 10%, then the real rate of interest on your investment is closest to:

• A) 6.0%
• B) 10.0%
• C) 5.8%
• D) 14.0%

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Definitions:

Humans

A species of bipedal primates, scientifically known as Homo sapiens, characterized by their ability to use complex language, make tools, and form complex social structures.

Chimpanzee

A species of great ape native to the forests and savannas of tropical Africa, known for their social behavior and intelligence.

Fossil Record

The collection of fossils, which provides evidence about the history of life and past environments on Earth.

Evolution

is the process by which different kinds of living organisms have developed and diversified from earlier forms during the history of the earth.