If the Real Rate of Interest Is 8% and the Nominal

question 43

Multiple Choice

If the real rate of interest is 8% and the nominal rate of interest is 28%, then the rate of inflation must be about

• A)36%.
• B)24.26%.
• C)3.50%.
• D)18.52%.
• E)23%.

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Definitions:

Kiliani-Fischer Synthesis

A method for elongating the carbon chain of a monosaccharide, thereby facilitating the synthesis of higher carbohydrates.

Tollen's Reagent

A chemical reagent used to differentiate between aldehydes and ketones, famously known for the silver mirror test.

Optically Active

A property of certain compounds that have the ability to rotate the plane of polarized light, often due to the presence of chiral centers.

Ribonucleoside

A nucleoside consisting of a ribose sugar bonded to a nitrogenous base, a fundamental component of RNA.