If a Person Earns an 8 Percent Nominal Rate of Interest

question 26

Multiple Choice

If a person earns an 8 percent nominal rate of interest on his savings account in a year when inflation is 9 percent, the person's real rate of interest is

• A) −1 percent.
• B) 1 percent.
• C) 8 percent.
• D) 9 percent.

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Definitions:

Omni-Channel

A multi-channel approach to sales that seeks to provide customers with a seamless shopping experience whether they are shopping online from a mobile device, a laptop, or in a brick-and-mortar store.

Supply Chain Networks

The interconnected systems and processes of organizations involved in producing and delivering products or services from suppliers to end customers.

Supply Chain Analytics

The use of data analysis tools and methodologies to improve supply chain operations, efficiency, and decision-making processes.

Data to Information

The transformation of raw data into meaningful information through processes such as organization, analysis, and interpretation to support decision-making.