Which of the Following Statements Is True

question 13

Multiple Choice

Which of the following statements is true?

• A) Inflation has no effect on the nominal rate of interest.
• B) The realized nominal rate of interest is always positive.
• C) The realized nominal rate of interest is always greater than the real rate of interest.
• D) Certificates of deposit offer a guaranteed real rate of interest.
• E) None of these is true.

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Definitions:

Welland Canal

A ship canal in Canada, connecting Lake Ontario and Lake Erie, facilitating navigation and trade by bypassing Niagara Falls.

Ballast Water

Water carried in ships' ballast tanks to improve stability and balance, which, when discharged, can introduce invasive aquatic species to new environments.

Autonomy

The degree to which a job provides the employee with the freedom, independence, and discretion to schedule their work and determine how it is done.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone.