Kristine Has a Savings Account at a Bank

question 99

True/False

Kristine has a savings account at a bank. If the nominal interest rate she earns exceeds the rate of inflation, then her purchasing power increases over time.

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Definitions:

Internet

A global system of interconnected computer networks that use the Internet protocol suite to communicate between networks and devices, facilitating information sharing and communication.

Offshoring

The relocation of a business process or operation from one country to another, typically to leverage lower labor costs.

Globalization

Globalization is the process of increased interconnectedness and interdependence among countries, mainly due to trade, investment, and technology.

Sustainability

Sustainability involves making decisions and taking action that are in the interests of protecting the natural world, with particular emphasis on preserving the capability of the environment to support human life and wellbeing.