The Rapid Advances in Technology Being Experienced Today Make It

question 14

Multiple Choice

The rapid advances in technology being experienced today make it difficult for people to maintain online anonymity or distance between themselves and powerful:

• A) sales persons.
• B) interests.
• C) forces.
• D) departments.

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Definitions:

Nominal Rate

The interest rate stated on a loan or financial product, not adjusted for inflation, representing the face value of the interest charged or earned.

Real Rate

The interest rate adjusted for inflation, representing the real cost of borrowing or the true return on investment, removing the inflationary impact.

Discounts

Reductions from the regular price of goods or services, often used as a strategy to increase demand or reward customers.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan remaining unpaid.