Multiple Choice
Over the past year you earned a nominal rate of interest of 3.6 percent on your money.The inflation rate was 3.1 percent over the same period.The exact actual growth rate of your purchasing power was
A) 3.6%.
B) 3.1%.
C) 0.48%.
D) 6.7%.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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