Corey Deposits $1,000 in a Savings Account That Pays an Annual

question 40

Multiple Choice

Corey deposits $1,000 in a savings account that pays an annual interest rate of 5 percent.Over the course of a year,the inflation rate is 1.7 percent.At the end of the year,Corey has

• A)$17 more in his account,and his purchasing power has increased by $10.
• B)$30 more in his account,and his purchasing power has increased by $50.
• C)$40 more in his account,and his purchasing power has increased by $33.
• D)$50 more in his account,and his purchasing power has increased by $33.

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Definitions:

Enfranchising

Granting a group or individual the right to vote in political elections.

Post-Civil War Amendments

Amendments to the U.S. Constitution, specifically the 13th, 14th, and 15th, enacted after the Civil War to abolish slavery, establish equal protection under the law, and secure voting rights regardless of race.

Union Generals

Military leaders who served in the Union Army during the American Civil War, strategizing against the Confederacy.