Which of the Following Situations Would You Prefer If You

question 242

Multiple Choice

Which of the following situations would you prefer if you planned to borrow money?

• A)The nominal interest rate is 5 percent,and future prices are expected to be stable.
• B)The nominal interest rate is 9 percent,and expected inflation is 7 percent.
• C)The nominal interest rate is 4 percent,and expected inflation is 1 percent.
• D)The nominal interest rate is 25 percent,and expected inflation is 22 percent.

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Definitions:

No Cleavage

A term used in mineralogy to describe minerals that do not exhibit a tendency to break along flat, smooth surfaces.

Abundant Elements

The most common elements found in the Earth's crust, atmosphere, or oceans.

Universe

The totality of all space, time, matter, and energy, including galaxies, stars, and planetary systems.

Silicate Mineral

Minerals composed of silicate groups, the most abundant class of minerals in the Earth's crust, containing silicon and oxygen.