Examlex
How many cubic centimeters of an ore containing only 0.22% gold (by mass) must be processed to obtain $100 worth of gold? The density of the ore is 8.0 g/cm3 and the price of gold is $818 per troy ounce.(14.6 troy oz = 1.0 ordinary pound, called an avoirdupois pound; 1 lb = 454 g)
Real Interest Rate
The interest rate that has been adjusted to remove the effects of inflation, representing the true cost of borrowing and the true yield on investing.
Nominal Interest Rate
The interest rate before adjustment for inflation; the stated rate on a loan or investment.
Rate of Inflation
The uplift in the general cost of products and services in an economy over an allotted period.
Consumer Price Index
A device that evaluates the average adjustment over time in the spending of urban consumers on a carefully selected series of consumer goods and services.
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