Suppose You Put $100 in the Bank on January 1

question 53

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 2 percent, you will be able to buy ________ worth of goods on January 1, 2018, valued at 2017's prices.

• A) $93
• B) $107
• C) $103
• D) $105
• E) $99

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Definitions:

Reasonably Accommodate

The obligation of employers to make adjustments or modifications to the workplace for employees with disabilities, as long as it does not cause undue hardship.

Americans Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places that are open to the general public.

Disabilities

Physical or mental impairments that substantially limit one or more major life activities, recognized under laws protecting people with such conditions.

Affirmative Action

Job-hiring policies that give special consideration to members of protected classes in an effort to overcome present effects of past discrimination.