menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Personal Finance Study Set 5
  4. Exam
    Exam 1: Personal Finance Basics and the Time Value of Money
  5. Question
    When Prices Are Rising at a Rate of 2 Percent,the
Solved

When Prices Are Rising at a Rate of 2 Percent,the

Question 74

Question 74

Multiple Choice

When prices are rising at a rate of 2 percent,the cost of products and services would double in ______ years.


A) 3
B) 6
C) 18
D) 36
E) 72

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q10: Lenders benefit more than borrowers in times

Q29: The main responsibility of The Fed is

Q53: Changes in personal,social,and economic factors make it

Q64: A formalized report that summarizes your current

Q72: Linda Ashworth is trying to decide whether

Q75: Using the services of financial institutions will

Q76: If a person deposited $50 a month

Q82: Increased home building results in:<br>A)increased job opportunities.<br>B)higher

Q108: More recently,the annual price increase for most

Q120: Opportunity costs may be viewed only in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines