Shawn Puts Money into an Account

question 93

Multiple Choice

Shawn puts money into an account.One year later he sees that he has 6 percent more dollars and that his money will buy 5 percent more goods.

• A)The nominal interest rate was 11 percent and the inflation rate was 5 percent.
• B)The nominal interest rate was 6 percent and the inflation rate was 5 percent.
• C)The nominal interest rate was 5 percent and the inflation rate was -1 percent.
• D)The nominal interest rate was 6 percent and the inflation rate was 1 percent.

---

Definitions:

Resistance Point

The maximum point of opposition or pushback in negotiations or discussions.

Pay Increase

An upward adjustment in an individual's salary or wages, often recognized as a reward for performance or due to changes in market conditions.

Labor Negotiations

The process of collective bargaining between employers and employees (or their representatives) over wages, working conditions, benefits, and other aspects of workers' compensation and rights.

Mandatory Items

Including wages, working hours, and benefits, must be included as part of collective bargaining if either party expresses a desire to negotiate one or more of them.