Imagine That You Borrow $1,000 for One Year and at the End

question 195

Multiple Choice

Imagine that you borrow $1,000 for one year and at the end of the year you repay the $1,000 plus $100 of interest.If the inflation rate was 7%,what was the real interest rate you paid?

• A)17 percent
• B)10 percent
• C)7 percent
• D)3 percent

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Definitions:

Antipsychotic Drugs

Medications used to treat psychotic symptoms such as hallucinations, delusions, and disordered thinking associated with psychiatric disorders like schizophrenia.

Involuntary Movements

Movements that occur without conscious control, often results of neurological disorders or conditions.

Dopamine

A neurotransmitter in the brain that plays a major role in reward-motivated behavior and helps regulate movement and emotional responses.

Receptor Sites

Specific locations on a cell membrane designed to bind with certain substances, facilitating chemical signals' passage into the cell for various processes.