Shawn Puts Money into an Account

question 93

Multiple Choice

Shawn puts money into an account.One year later he sees that he has 6 percent more dollars and that his money will buy 5 percent more goods.

• A)The nominal interest rate was 11 percent and the inflation rate was 5 percent.
• B)The nominal interest rate was 6 percent and the inflation rate was 5 percent.
• C)The nominal interest rate was 5 percent and the inflation rate was -1 percent.
• D)The nominal interest rate was 6 percent and the inflation rate was 1 percent.

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Definitions:

Women's Choice

A term referring to the autonomy and freedom of women to make decisions affecting their lives and well-being.

Gender Discrimination

The unfair treatment of individuals based on their gender, leading to disparities in opportunities, resources, and rights.

Undervaluation

The assessment of something as being less than its intrinsic or market value, often leading to unjust or inequitable situations.

Programs of Study

Curriculums or sets of courses offered by educational institutions aimed at achieving a specific degree or certification.