In Questions Determine Whether the Statement Is True or False

question 93

True/False

In questions determine whether the statement is true or false.
- $$\text { If } \mathbf { A } = \left( \begin{array} { l l } 3 & 5 \\1 & 2\end{array} \right) , \text { then } \mathbf { A } ^ { - 1 } = \left( \begin{array} { c c } 2 & 5 \\1 & - 3\end{array} \right)$$

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Definitions:

Norwegian Krone

The official currency of Norway, denoted as NOK and used across the country.

Inflation Rate

The pace at which prices for various goods and services climb, causing the value of money to decline.

Uncovered Interest Parity

A financial theory that suggests interest rate differentials between two countries will be equal to the expected change in exchange rates between their currencies.

Exchange Rate

The value of one currency for the purpose of conversion to another, which fluctuates based on market conditions and impacts international trade and investments.