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Which of the following is a common analogy used by cognitive psychologists to describe or characterize how people think?
Debts
Money owed by one party, the debtor, to a second party, the creditor; typically referencing money borrowed to be paid back with interest.
Nominal Interest Rate
The interest rate before adjustments for inflation; the stated or named rate on a loan or financial product.
After-tax Real Interest Rate
The interest rate that an investor earns on an investment after paying taxes, adjusted for inflation.
Inflation Rate
The percentage increase in the price level of goods and services in an economy over a period of time, typically measured on a yearly basis.
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