Author Question: During periods of inflation, which function of money is most severely affected? A) medium of ... (Read 110 times)

charchew · **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.