If the Interest Rate Increases from 6 Percent to 10

question 23

Multiple Choice

If the interest rate increases from 6 percent to 10 percent per year, each $100 saved will earn

• A)$4 per year more than before
• B)$6 per year more than before
• C)$10 per year more than before
• D)$16 per year more than before
• E)$60 per year more than before

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Definitions:

Need For Achievement

An individual's desire for significant accomplishment, mastering of skills, control, or high standards.

Need For Affiliation

A person's desire to build and maintain strong, positive relationships with others.

Need For Power

A personal drive to influence, control or have authority over others, as described in McClelland's theory of needs.

ERG Theory

A theory in psychology proposed by Clayton Alderfer that categorizes human needs into three categories: Existence, Relatedness, and Growth, and suggests that these needs can be pursued simultaneously.