A Positive Nominal Interest Rate Indicates

question 23

Multiple Choice

A positive nominal interest rate indicates

• A) how fast the number of dollars in your savings account is rising over time.
• B) how fast the purchasing power of your savings account is rising over time.
• C) the number of dollars in your savings account today.
• D) the purchasing power in your savings account today.

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Definitions:

Metabolized

The biochemical process by which organisms convert substances into energy and new materials, or break them down into simpler products.

Substance

A form of matter with distinct properties and composition; can be either an element or a compound.

Synthetic Chemical Reactions

Chemically engineered processes to form new substances from one or more reactants, involving the breaking and forming of bonds.

Enzymes

Biological molecules that act as catalysts to speed up chemical reactions in living organisms.