Multiple Choice
It is known that the inflation rate over next three years is expected to be 5% in the first year, 10% in the second and 15% in the third. In such a case, average expected annual inflation rate is
A) 5.00%.
B) 9.92%.
C) 10.00%.
D) 10.08%.
E) 15.00%.
Correct Answer:
Verified
Correct Answer:
Verified
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