The Formula for a Real Percentage Change Is

question 21

Multiple Choice

The formula for a real percentage change is

• A) the nominal percentage change minus the inflation rate.
• B) the nominal percentage change divided by the inflation rate.
• C) the nominal percentage change plus the inflation rate.
• D) the nominal percentage change multiplied by the inflation rate.

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Definitions:

Petty Cash

Petty cash refers to a small amount of cash on hand used for paying minor expenses in an organization to avoid writing checks for small amounts.

Journal Entry

is a record in accounting that represents the recording of a financial transaction, comprising debit and credit entries.

Disbursed Accounts

These are accounts from which funds have been paid out or disbursed, typically to settle obligations or expenses.

Petty Cash Fund

A minimal sum of money maintained for the purpose of covering various minor expenditures on the spot.