A Year Ago, You Invested $2,500 in a Savings Account

question 30

Multiple Choice

A year ago, you invested $2,500 in a savings account that pays an annual interest rate of 3.5%. What is your approximate annual real rate of return if the rate of inflation was 5.5% over the year?

• A) 0.9%
• B) −2.0%
• C) 5.9%
• D) 3.4%

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Definitions:

HR Strategies

Plans and policies developed to manage and optimize human resources within an organization effectively.

Environmental Factors

External elements such as economic, legal, social, and technological influences that affect an organization's operations and outcomes.

HRM Adaptation

The process of modifying human resource practices to fit the demands of different markets or environments in a global context.

Graded School Classes

A method of organizing school classes by age and academic ability level, allowing for a more standardized education system.