In the Country of Hyrkania,the CPI in 2014 Was 140

question 76

Multiple Choice

In the country of Hyrkania,the CPI in 2014 was 140 and the CPI in 2015 was 154.Jake,a resident of Hyrkania,borrowed money in 2014 and repaid the loan in 2015.If the nominal interest rate on the loan was 14 percent,what was the real interest rate?

• A) 4 percent
• B) 10 percent
• C) 14 percent
• D) 18 percent

---

Definitions:

Cruise Ship

A large passenger ship used for pleasure voyages, where the voyage and the ship's amenities are part of the experience.

Statistical Reports

Documents or presentations that summarize data analysis results, often including trends, patterns, and statistical significance.

Control Subsystem

A component of a system that manages and regulates the behavior and actions within the system to achieve desired outcomes.

Organizational Control

The processes and systems in place within an organization to monitor, regulate, and steer it toward its objectives.