The Ages of Students in a Class Have Been Put

question 45

Multiple Choice

The ages of students in a class have been put into the frequency distribution below:
What is the modal age of these students?

• A)18
• B)19
• C)20
• D)21
• E)23

---

Definitions:

Real Interest Rates

The interest rate adjusted for inflation, reflecting the real cost of borrowing and the true return on savings.

Tax-exempt Interest Payments

Interest income that is not subject to federal income tax.

Riskier Loans

Loans that have a higher chance of default, often associated with higher interest rates to compensate for the increased risk.

Pure Rate

In finance, often refers to the interest rate or yield on a security that is devoid of any risk, representing the cost of borrowing without the influence of risk factors.