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In Year 1 the CPI Is 174,and in Year 2

question 33

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In year 1 the CPI is 174,and in year 2 the CPI is 185.If Sarah's salary was $49,600 in year 1,what is the minimum salary he must earn in year 2 to "keep up with inflation"?


Definitions:

Margin Call

A demand by a broker that an investor deposits further cash or securities to cover possible losses.

Margin Deposit

A margin deposit is an initial sum deposited to cover potential losses when borrowing capital for investing, typically in a margin account for trading securities.

Open Interest

The number of futures contracts outstanding.

Silver Futures

Contracts to buy or sell silver at a future date at a price that is agreed upon today, used for hedging or speculating on the future price of silver.

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