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

question 63

Multiple Choice

Over the past year, you earned a nominal rate of interest of 8% on your money. The inflation rate was 4% over the same period. The exact actual growth rate of your purchasing power was

• A) 15.5%.
• B) 10.0%.
• C) 3.8%.
• D) 4.8%.
• E) 15.0%.

---

Definitions:

Motorized Wheelchair

A wheelchair equipped with an electric motor, designed to increase mobility for individuals with mobility impairments.

World Health Organization

An international public health agency of the United Nations, dedicated to improving health conditions and responding to health emergencies around the world.

Holistic Approach

A method of care that considers the patient's physical, mental, and emotional health when providing treatment.

Terminally Ill

A condition in which a patient is suffering from a disease or condition that is incurable and expected to result in death in a relatively short time.