Suppose You Put $100 in the Bank on January 1

question 61

Multiple Choice

Suppose you put $100 in the bank on January 1, 2017. If the annual nominal interest rate is 5 percent and the inflation rate is 5 percent, you will be able to buy ________ worth of inflation-adjusted goods on January 1, 2018.

• A) $90
• B) $110
• C) $100
• D) $105
• E) $95

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Definitions:

Flattened Management Hierarchies

This term refers to organizational structures with fewer levels of middle management, promoting faster decision-making and closer communication among employees.

Ethics

A set of moral principles that govern the behavior of individuals and organizations.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Actively Listening

The process of fully concentrating, understanding, responding, and remembering what is being said in a conversation.