The Price of Gold Has Gone from $250 an Ounce

question 261

Multiple Choice

The price of gold has gone from $250 an ounce to approximately $1,600. Given an annual growth rate of 8.04%, how long did it take gold to reach its highest value?

• A) 27 years
• B) 26 years
• C) 25 years
• D) 24 years
• E) 23 years

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Definitions:

Genocide

The intentional and organized annihilation of a group based on their nationality, race, political beliefs, or culture.

Contact Hypothesis

The proposal that prejudiced attitudes can decline with intergroup contact.

Inter-group Contact

This refers to situations where members of different social, ethnic, or cultural groups come into direct or indirect interaction with one another, often aimed at reducing prejudice and increasing understanding.

Prejudice

Prejudice involves preconceived negative opinions or attitudes toward people based on their membership in particular groups, often leading to discrimination and social tension.