The Value of the Consumer Price Index Increased from 140

question 103

True/False

The value of the consumer price index increased from 140 to 147 during 2006. Nathan opened a bank account at the beginning of 2006, and at the end of 2006 his account balance was $12,840. The purchasing power of Nathan's account increased by 2 percent during the year. We can conclude that Nathan opened his account with a deposit of $11,500 at the beginning of 2006.

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Definitions:

Mercenaries

Individuals or groups hired to fight in an armed conflict but are not part of the regular army or fighting forces of a country.

Thirty Years' War

A devastating and complex conflict in Central Europe between 1618 and 1648, involving many European states, marked by a struggle between Catholic and Protestant territories and resulting in significant territorial and power shifts.

Henry IV

King of France from 1589 to 1610, notable for issuing the Edict of Nantes which granted religious freedom to French Protestants and effectively ended the Wars of Religion.

Royal Authority

The legitimate power and influence possessed by a monarch or royal family, often based on tradition, legal rights, and sometimes divine right.