In Late 2001 the Inflation Rate Was About 2

question 7

Multiple Choice

In late 2001 the inflation rate was about 2.9%. If you invested in a savings account with an annual interest rate of 9.2%, what was the real growth rate of this investment?

• A) 1.66%
• B) 3.35%
• C) 4.27%
• D) 6.12%

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Definitions:

Nazis

Members of the National Socialist German Workers' Party, a fascist political group led by Adolf Hitler, responsible for numerous atrocities during World War II.

Stanley Milgram

Stanley Milgram was a psychologist best known for his pioneering research on obedience to authority, illustrating how people are willing to follow orders that contradict their personal beliefs and ethics.

Authority Structure

The framework that outlines the distribution and exercise of power within an organization or society.

Artificial

Made or produced by human beings rather than occurring naturally, typically as a copy of something natural.