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    Exam 14: Money, Banking, and Financial Institutions
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    An Inflation Rate of 8 Percent Would Erode the Purchasing
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An Inflation Rate of 8 Percent Would Erode the Purchasing

Question 231

Question 231

Multiple Choice

An inflation rate of 8 percent would erode the purchasing power of the dollar by


A) 8.0 percent.
B) 7.4 percent.
C) 4.4 percent.
D) 12.5 percent.

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