You Put Money in an Account and Earn a Real

question 62

Multiple Choice

You put money in an account and earn a real interest rate of 10 percent.Inflation is 2 percent,and your marginal tax rate is 20 percent.What is your after-tax real interest rate?

• A) 1.6 percent
• B) 2.6 percent
• C) 5.6 percent
• D) 7.6 percent

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Definitions:

Upper Quartile

The value below which 75% of the data set falls, marking the upper quarter of data points.

Test Scores

Numerical or grading assessments that reflect the performance of individuals on examinations or tests.

Boxplot

A standardized way of displaying the distribution of data based on a five-number summary: minimum, first quartile, median, third quartile, and maximum.

Standard Deviation

Standard deviation is a measure of the amount of variation or dispersion in a set of values, showing how much the values in a dataset differ from the mean.