Since 2010, the Interest Rate on Passbook Accounts and Certificates

question 49

Multiple Choice

Since 2010, the interest rate on passbook accounts and certificates of deposit has

• A) been less than the average rate of inflation.
• B) closely tracked the average rate of inflation.
• C) exceeded the average rate of inflation by 1.5%.
• D) fluctuated widely.

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Definitions:

National Guard

A reserve military force composed of state National Guard militia members or units under federally recognized active or inactive armed force service.

Livestock

Domesticated animals raised in an agricultural setting to produce commodities such as food, fiber, and labor.

Warehouser's Lien

A legal right granted to warehouse operators to hold onto a customer's goods until payment has been made for warehouse services.