If Nominal Interest Rates Are High, You

question 82

Multiple Choice

If nominal interest rates are high, you:

• A) hold only cash.
• B) hold less savings and more cash.
• C) hold all your money in a different currency.
• D) never have any cash in your checking account.
• E) hold less cash and more savings.

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Definitions:

SAT Scores

Standardized test scores used in the United States for college admissions, assessing mathematical and verbal reasoning.

Race/Ethnicity

Socially constructed categories that classify individuals based on perceived physical differences, cultural practices, and ancestry.

Asian

Pertaining to or originating from the continent of Asia, or relating to the people, cultures, or languages of Asia.

Spending Money

Disposable income available for non-essential purchases after all living expenses and obligations have been met.