In Early 2002, the Inflation Rate Was About 1

question 87

Multiple Choice

In early 2002, the inflation rate was about 1.4%. If you invested in a savings account with an annual interest rate of 6.5%, what was the real growth rate of this investment?

• A) 3.24%
• B) 4.19%
• C) 4.47%
• D) 5.03%

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Definitions:

Post-Traumatic Stress Disorder (PTSD)

A psychiatric condition instigated by either witnessing or undergoing a dreadful occurrence, identified by replaying memories, terrifying dreams, and extreme nervousness.

War Veteran

An individual who has served in the armed forces during a conflict and has experienced military combat or operations.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about various aspects of one's life, often interfering with daily functioning.

Obsessive-Compulsive Disorder

A mental disorder characterized by unwanted thoughts (obsessions) and repetitive behaviors (compulsions).