Over the Past Year, You Earned a Nominal Rate of Interest

question 71

Multiple Choice

Over the past year, you earned a nominal rate of interest of 10% on your money. The inflation rate was 5% over the same period. The exact actual growth rate of your purchasing power was

• A) 15.5%.
• B) 10.0%.
• C) 5.0%.
• D) 4.8%.
• E) 15.0%.

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Definitions:

Reinforcement

In psychology, a process by which a behavior is encouraged to occur more frequently by rewarding it or decreasing the likelihood of its occurrence with punishment.

Gender-Differentiated Environments

Settings or contexts where roles, behaviors, or expectations are distinctly varied based on gender.

Exposed

Being subjected to something or revealed to conditions that may influence one's thoughts, behaviors, or health.

Siblings

Brothers or sisters, including full, half, step, and adopted relationships.