The Consumer Price Index Was 225 in 2006 and 234

question 84

Multiple Choice

The consumer price index was 225 in 2006 and 234 in 2007. The nominal interest rate during this period was 6.5 percent. What was the real interest rate during this period?

• A)2.5 percent
• B)4.0 percent
• C)6.76 percent
• D)10.5 percent

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Definitions:

Negative Value

A numerical value less than zero, representing the opposite of positive values.

Exception Class

A type of class in object-oriented programming that describes an error or unexpected event that can occur during the execution of a program.

Class Throwable

The superclass of all errors and exceptions in the Java language, from which all exception classes are derived.