While Employed, an Employee Who Has No Restrictive Employment Contract

question 73

True/False

While employed, an employee who has no restrictive employment contract with his employer may divulge secrets to a competitor.

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Definitions:

Nominal Interest Rates

The interest rates unadjusted for inflation, reflecting the rate of time-preference for current goods over future goods in monetary terms.

Real Interest Rates

Interest rates adjusted for inflation, reflecting the true cost of borrowing and the real yield for lenders.

Inflation

The pace of upsurge in the collective market prices for goods and services, decreasing the capacity to spend.

Interest Rates

The cost of borrowing money or the return on investment expressed as a percentage, typically on an annual basis.