Over the Past Year, You Earned a Nominal Rate of Interest

question 49

Multiple Choice

Over the past year, you earned a nominal rate of interest of 9% on your money. The inflation rate was 3% over the same period. The exact actual growth rate of your purchasing power was

• A) 15.5%.
• B) 10.0%.
• C) 5.8%.
• D) 4.8%.
• E) 15.0%.

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Definitions:

Oncogene

Gene that helps transform a normal cell into a tumor cell.

Tumor Cell

A cell that has undergone transformation leading to uncontrolled division, which can form a mass or neoplasm potentially leading to cancer.

Malignant Cells

Cells that are cancerous and have the ability to invade other parts of the body.

Interphase

Interphase is the phase of the cell cycle in which the cell prepares for division, characterized by DNA replication and increase in cell size.