Suppose You Purchase a Savings Bond Today for $25

question 23

Multiple Choice

Suppose you purchase a savings bond today for $25.In seven years you may cash in the savings bond for $50.What is the approximate interest rate paid by the savings bond?

• A)5%
• B)10%
• C)15%
• D)20%

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Definitions:

Robbers Cave

Refers to a classic social psychology experiment by Muzafer Sherif, demonstrating how intergroup conflict arises and can be overcome through cooperation towards mutual goals.

Increased Hostility

A state of being aggressively unfriendly or overtly ready to confront or attack.

Characteristic Odors

Distinctive smells that are often associated with specific substances, environments, or conditions.

Control Theory

A theory in psychology and sociology which suggests that individuals regulate their own behavior through internal processes to achieve goals or maintain a sense of control.