If the nominal interest rate is higher than the inflation rate, the value of your savings:
A. should remain about the same.
B. cannot be assessed without knowing the beginning balance of savings.
C. will decrease.
D. will increase.
Answer: D
Economics
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In the classical model, what occurs if a wage of $20/hour results in unemployed workers?
A) The wage rate will drop, more workers will be hired, and the unemployment rate falls. B) Producers will quickly create more jobs and hire the unemployed workers, so unemployment is short-lived. C) The workers will go on strike to demand that more jobs be created. D) The government will step in and order firms to hire more workers.
Economics
spot exchange typically involve
What will be an ideal response?
Economics