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

question 29

Multiple Choice

Over the past year, you earned a nominal rate of interest of 12.5% on your money. The inflation rate was 2.6% over the same period. The exact actual growth rate of your purchasing power was

• A) 9.15%.
• B) 9.90%.
• C) 9.65%.
• D) 10.52%.

---

Definitions:

Food Pyramid

A graphical representation designed to illustrate the proportions of different types of food that should be consumed to maintain a healthy diet.

Healthy Diet

A balanced intake of nutrition that supports the body's needs for growth, maintenance, and overall health, typically involving a variety of foods rich in different nutrients.

Breaking A Habit

The process of ending a repetitive behavior or pattern that is considered negative or harmful.

Self-exploration

The process of examining one's own thoughts, feelings, motivations, and behaviors to gain insight or self-awareness.