During a Certain Year, the Consumer Price Index Increased from 150

question 86

Multiple Choice

During a certain year, the consumer price index increased from 150 to 159 and the purchasing power of a person's bank account increased by 3.5 percent. For that year,

• A)the nominal interest rate was 6 percent.
• B)the nominal interest rate was 9.5 percent.
• C)the inflation rate was 3.5 percent.
• D)the inflation rate was 9.5 percent.

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Definitions:

Brain Structures

Complex anatomical features of the brain that determine cognitive, sensory, emotional, and motor functions.

Insight

Deep understanding or intuition regarding the true nature of something.

Cognitive Ability

The power of the brain to process information, reason, remember, and relate objects and concepts.

Parental Involvement

The participation and engagement of parents in their children's educational and developmental activities.