If the value of your savings is increasing over time,it must be true that:
A) the inflation rate is higher than the nominal interest rate.
B) the inflation rate is lower than the nominal interest rate.
C) the inflation rate and the nominal interest rate are the same.
D) the inflation rate must be zero.
Correct Answer:
Verified
Q82: When we consider our savings, interest rates
Q85: Unpredictable inflation can cause businesses:
A)to have a
Q86: If the nominal interest rate is higher
Q89: Subtracting the inflation rate from the nominal
Q91: Suppose the nominal interest rate is 10
Q92: If the nominal interest rate is higher
Q92: In order to calculate the real interest
Q94: The nominal interest rate is:
A)the everyday notion
Q95: The real interest rate is:
A) adjusted for
Q95: The nominal interest rate is:
A)not adjusted for
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