Given a Nominal Interest Rate of 3% and an Inflation

question 74

Multiple Choice

Given a nominal interest rate of 3% and an inflation rate of 4.5%,what is the real interest rate?

• A)3%
• B)0%
• C)-1.4%
• D)1.5%
• E)7.5%

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Definitions:

Turnovers

Events in ecological or evolutionary contexts where one species or group of species is replaced by another in a habitat, often due to environmental changes.

Cambrian Period

A geological era approximately 541 million years ago, marked by a rapid diversification of life forms and the appearance of many major groups of animals.

Evolutionary Faunas

Groups of animals that share a common evolutionary history and are identified in the fossil record over large geographical areas and timelines.

Sepkoski

Refers to Jack Sepkoski, a paleontologist known for his work on the biodiversity and extinction events of marine animal families through geologic time.