The Current One-Year Nominal Interest in Canada Is 7

question 2

Multiple Choice

The current one-year nominal interest in Canada is 7%.If the anticipated inflation for the coming year in Canada is 2.5%, what is the real interest rate?

• A)4.21%
• B)4.39%
• C)4.50%
• D)7.18% real interest =

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Definitions:

Somatotype

A classification system for human body types based on physical and physiological characteristics.

Polygenic Trait

A trait influenced by multiple genes, resulting in a wide range of potential outcomes or appearances.

Gene Pairs

Sets of two genes located at the same position on homologous chromosomes, influencing the same trait but possibly in different ways.

Skin Colour

The pigmentation of the skin, primarily determined by genetic inheritance and exposure to sunlight, varying widely among individuals and populations.