You Put Money into an Account and Earn a Real

question 81

Multiple Choice

You put money into an account and earn a real interest rate of 6 percent.Inflation is 3 percent,and your marginal tax rate is 20 percent.What is your after-tax real rate of interest?

• A)4.8 percent
• B)5.4 percent
• C)7.2 percent
• D)4.2 percent.

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Definitions:

Maturation

The process of becoming mature, either in a biological sense, such as the physical and developmental changes that occur as an organism grows, or in a psychological context.

Epididymis

A long, coiled tube that stores and carries sperm from the testes to the vas deferens.

Sperm

Male reproductive cells designed to fertilize female ovum, crucial for sexual reproduction.

Corpora Cavernosa

Two columns of erectile tissue found in the penis, which fill with blood during arousal to facilitate erection.