Suppose You Borrow $1,000 at an Interest Rate of 12

question 78

Multiple Choice

Suppose you borrow $1,000 at an interest rate of 12 percent.If the expected real interest rate is 5 percent,then the rate of inflation over the upcoming year that would be most beneficial to you would be a rate of inflation

• A)equal to 0 percent.
• B)greater than 7 percent.
• C)equal to 7 percent.
• D)less than 7 percent.

---

Definitions:

Domestic Violence

Abusive behavior by one person against another in a domestic setting, such as in marriage or cohabitation.

Refugee Status

A form of protection given by a country to someone who has fled their own country due to fear of persecution for reasons of race, religion, nationality, membership in a particular social group, or political opinion.

Food Insecurity

The state of being without reliable access to a sufficient quantity of affordable, nutritious food.

Dependent Children

are individuals, usually under the legal adult age, who rely on their parents or guardians for financial support, basic needs, and care.