Suppose You Borrow $2000 for One Year and at the End

question 52

Multiple Choice

Suppose you borrow $2000 for one year and at the end of the year you repay the $2000 plus $110 of interest.If the expected inflation rate was 2.2% at the time you took out the loan,what was the real interest rate you paid?

• A) 2.2%
• B) 3.3%
• C) 5.5%
• D) 7.7%

Understand the importance of integrating different approaches to meet the needs of individual clients.

Recognize the significance of research, accountability, and cultural competence in behavior therapy.

Identify key concepts and techniques of solution-focused brief therapy.

Understand the role of mindfulness and stress reduction techniques in therapy.

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Definitions:

Militias

Armed groups often composed of non-professional soldiers and civilians organized to perform military functions in emergency situations.

Foreclosures

The legal process by which a lender takes control of a property, evicts the homeowner, and sells the home after the homeowner fails to make full principal and interest payments on the mortgage.

U.S. Constitution

The foundational document outlining the framework, principles, and system of government for the United States of America, originally ratified in 1788.

1787

The year the United States Constitution was signed, marking a pivotal moment in American history.