Which of the Following Is Not Correct

question 253

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 every year.
• D) During deflation,the real interest rate exceeds the nominal interest rate.

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Definitions:

CIF

Cost, Insurance, and Freight, a trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods.

Voidable Title

A legal status of property ownership that can be declared invalid by one of the parties involved, due to factors such as fraud or coercion at the time of acquisition.

Good Faith Purchaser

An individual who buys something without knowledge of a prior claim or lien against the property, therefore acquiring clean title.

Risk Of Loss

The potential for an asset to be lost, damaged, or diminished in value, and the question of who bears this risk under the terms of a contract.