The Consumer Price Index Was 120 in 2013 and 126

question 115

Multiple Choice

The consumer price index was 120 in 2013 and 126 in 2014.The nominal interest rate during this period was 8 percent.What was the real interest rate during this period?

• A)3 percent
• B)2 percent
• C)3.3 percent
• D)12.8 percent

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Definitions:

Centralized Design

An architecture or system design where a central unit or server performs the majority of processing tasks or decision-making.

Topology

The arrangement of various elements (nodes, links, etc.) in a computer network or the study of geometric properties and spatial relations unaffected by the continuous change of shape or size of figures.

Private Network

A network that restricts access to only selected users, often utilized within a single organization for security and privacy.

Select Group

A specific subset of individuals chosen based on particular criteria, often used in the context of targeted analyses or marketing.