Multiple Choice
Becka borrowed $100 from her cousin at the rate of 6% per year. If the inflation rate was 2% that year, what is her cousin's actual rate of return on the loan?
A) 2%
B) 4%
C) 6%
D) 8%
E) 10%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q85: Consumer credit may allow businesses to be
Q86: Closed-end credit is used for a specific
Q87: Suppose you borrow $300 for one year
Q88: The longer it takes for you to
Q89: Which of the following questions is NOT
Q91: Which of the following can result from
Q92: The finance charge for credit includes all
Q93: In the five Cs of credit, capital
Q94: FICO scores generally range from<br>A) 100 to
Q95: The periodic charge for the use of