If the Interest Rate Is 10%,then $1 Received One Year

question 78

Multiple Choice

If the interest rate is 10%,then $1 received one year from now is worth how much today?

• A)$1.10
• B)$1
• C)91¢
• D)90¢

---

Definitions:

Imprinting

A form of learning occurring at a particular stage of an animal's life, where it forms attachments or establishes a habitual pattern of behavior.

Fixed Action Patterns

Innate, pre-programmed responses that an animal performs as a reaction to a specific stimulus.

Imprinting

A rapid learning process occurring early in the life of a social animal, wherein a specific behavior pattern is established.

Associative Learning

Acquired ability to associate two stimuli or between a stimulus and a response.