Convert from DMS (Degree/minute/sec) Notation to Decimal Degrees

question 117

Multiple Choice

Convert from DMS (degree/minute/sec) notation to decimal degrees. Round to hundredths of a degree. 59°34′18′′

• A) 59.51°
• B) 59.53°
• C) 59.55°
• D) 59.57°

Understand how inflation influences nominal and real gains in investments.

Describe the relationship between inflation, money growth rate, and nominal and real variables in the long run.

Discuss examples of menu costs and how they relate to inflation.

Understand the reasons for holding U.S. currency abroad.

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