Suppose That Over the Past Year,the Real Interest Rate Was

question 117

Multiple Choice

Suppose that over the past year,the real interest rate was 5 percent and the inflation rate was 3 percent.It follows that

• A)the dollar value of savings increased at 5 percent,and the purchasing power of savings increased at 2 percent.
• B)the dollar value of savings increased at 5 percent,and the purchasing power of savings increased at 8 percent.
• C)the dollar value of savings increased at 8 percent,and the purchasing power of savings increased at 2 percent.
• D)the dollar value of savings increased at 8 percent,and the purchasing power of savings increased at 5 percent.

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Definitions:

Sexual Dimorphism

The differences in appearance between males and females of the same species, beyond the differences in their sexual organs.

Heredity

The passing of traits from parents to offspring through genes, affecting an individual's characteristics and predispositions.

Homosexual Orientation

A sexual orientation characterized by a romantic or sexual attraction to individuals of the same gender.

Religious Beliefs

Personal or societal convictions related to the existence, nature, and worship of a deity or deities, and the values and practices associated with such convictions.