Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

Suppose you put money into a savings account. One year later you have 5 percent more dollars and your money will buy 6 percent more goods. Which of the following must be true?
A. The nominal interest rate was 11 percent and the inflation rate was 5 percent.
B. The nominal interest rate was 6 percent and the inflation, rate was 5 percent.
C. The nominal interest rate was 5 percent and the inflation rate was -1 percent.
D. None of the above is correct.

Sagot :

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.