menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Exploring Business
  4. Exam
    Exam 15: Personal Finances
  5. Question
    Mike Gets 5% Interest on His Savings,but the Inflation Rate
Solved

Mike Gets 5% Interest on His Savings,but the Inflation Rate

Question 134

Question 134

True/False

Mike gets 5% interest on his savings,but the inflation rate is 3%.So his rate of return is 8%.

Correct Answer:

verifed

Verified

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

Related Questions

Q128: Consumer spending in 2014 rose to its

Q129: Line items in a budget are used

Q130: _ is the risk that poor management

Q131: Subprime loans have very attractive interest rates

Q132: Insurance pays an income to an insured

Q133: Current liabilities consist of debt payments that

Q135: With _,the interest earned on your savings

Q136: Something that can be used,as opposed to

Q137: What is your primary goal during a

Q138: The difference between the actual amounts and

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