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%.

---

Definitions:

Birth

The process of being born, marking the emergence of a baby from the body of its mother, signifying the beginning of life outside the womb.

Humanistic Psychologists

Psychologists who emphasize the study of the whole person, looking at human behavior through the eyes of the observer and the individual behaving.

Abstract Beliefs

Ideas or concepts that are not concrete or tangible, often involving complex thought or philosophical notions.

Superego

A component of Sigmund Freud's psychoanalytic theory of personality, representing the moral conscience and ideals derived from societal and parental standards.