Assume You Save $1,000 in a Bank Account That Pays

question 123

Multiple Choice

Assume you save $1,000 in a bank account that pays 8 per cent interest per year and the inflation rate is 3 per cent. At the end of the year you have earned

• A)a real return of $80.
• B)a real return of $50.
• C)a nominal return of $50.
• D)a negative real return.

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Definitions:

Job Characteristics Model

A theory that proposes five core job dimensions, leading to high job satisfaction, motivation, and performance.

Visible Outcome

A result or effect that is easily seen, noticed, or observed.

Herzberg's Model

A theory of motivation that divides factors into motivators, which can increase job satisfaction, and hygiene factors, which can prevent dissatisfaction.

Motivated

The internal drive or condition that prompts an individual to act or behave in a particular way towards achieving certain goals or fulfilling needs.