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Author Question: During periods of inflation, which function of money is most severely affected? A) medium of ... (Read 98 times)

charchew

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on: Jun 29, 2018
During periods of inflation, which function of money is most severely affected?
 
  A) medium of exchange
  B) unit of account
  C) means of payment
  D) store of value

Question 2

If the nominal interest rate is 11 percent and the inflation rate is 9 percent, then the real interest rate is approximately
 
  A) 2 percent.
  B) 20 percent.
  C) 4 percent.
  D) 18 percent.


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Bigfoot1984

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


charchew

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

nothere

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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