If Your Bank Pays You 6% Interest on a Savings

question 32

Multiple Choice

If your bank pays you 6% interest on a savings account and inflation is 2%,your approximate real rate of interest is

• A) 2%.
• B) 4%.
• C) 8%.
• D) 12%.

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Definitions:

Productive Teams

Groups of individuals working together effectively to achieve common goals and deliver results through optimal collaboration and efficiency.

Team Norms

Shared expectations and rules that guide the behavior of members within a team.

Team Goals

Objectives set by a group of individuals who are working together towards a common purpose or target.

Team Diversity

The inclusion of people with a wide range of characteristics and backgrounds in a team, enhancing creativity, problem-solving, and adaptability.