You Borrow $10,000 from a Bank for One Year at a Nominal

question 247

Multiple Choice

You borrow $10,000 from a bank for one year at a nominal interest rate of 5%.If inflation over the year is 2%,what is the real interest rate you are paying?

• A)2%
• B)2.5%
• C)3%
• D)5%

Recognize and evaluate discriminatory practices in employment.

Understand the aims and applications of the Employment Equity Act and comparable legislative frameworks.

Understand the importance of non-discriminatory job criteria in hiring and job assignments.

Identify the key HRM tasks involved in developing and maintaining a quality workforce.

---

Definitions:

Neuron Death

The process leading to the loss of nerve cells, which can result from injury, disease, or aging, and significantly impacts brain function.

Chronic Alcohol

Prolonged and excessive intake of alcoholic beverages, leading to health problems and addiction.

General Slowing

A process in which the reductions in the speed of neural transmission lead to a slowing of physical and mental functions.

Divorce Rates

The statistical measure of the number of divorces that occur in a population during a given time period, usually expressed per 1000 people.