Which of the Following Is Not Correct

question 13

Multiple Choice

Which of the following is not correct?

• A)The U.S.economy has never experienced deflation.
• B)Since 1965,the U.S.nominal interest rate has exceeded the U.S.real interest rate.
• C)Since 1965,the U.S.economy has experienced rising consumer prices in most years.
• D)During deflation,the real interest rate exceeds the nominal interest rate.

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Definitions:

Payee

The party in a financial transaction who receives the payment.

Unconditional Promise

A firm commitment or guarantee without any stipulations or requirements for its fulfillment.

Delegator

A party in a contract who transfers his or her duties to perform to a third party who is not part of the original contract (a delegatee).

Endorsement

The act of signing the back of a financial document or negotiable instrument, thereby transferring rights or authorizing actions related to the document.