Imagine That You Borrow $1,000 for One Year and at the End

question 195

Multiple Choice

Imagine that you borrow $1,000 for one year and at the end of the year you repay the $1,000 plus $100 of interest.If the inflation rate was 7%,what was the real interest rate you paid?

• A)17 percent
• B)10 percent
• C)7 percent
• D)3 percent

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Definitions:

Kidney Tubules

Microscopic tubes in the kidney where urine is formed through the process of filtration, reabsorption, and secretion.

Simple Cuboidal Epithelium

A type of epithelial tissue composed of a single layer of cube-shaped cells, commonly found in glands and their ducts.

Transitional Epithelium

Transitional epithelium is a type of tissue lining the urinary system's organs, distinguished by its ability to stretch and contract in response to the volume of fluid present.

Secretory Epithelial Cells

Cells located in the epithelium that produce and release substances such as enzymes, hormones, and sweat.