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

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Definitions:

Computed Tomography

A radiographic examination that produces a three-dimensional, cross-sectional view of an area of the body; may be performed with or without a contrast medium.

Contrast Medium

A substance used in medical imaging to improve the contrast of structures or fluids within the body, assisting in the diagnosis of medical conditions.

Diagnostic Test

Medical tests conducted to identify disease or conditions in patients, aiding in diagnosis and treatment planning.

Pediatrician

A specialist who diagnoses and treats childhood diseases and teaches parents skills for keeping their children healthy.