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Author Question: During periods of inflation, which function of money is most severely affected? A) medium of ... (Read 113 times)

charchew

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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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Answer to Question 1

D

Answer to Question 2

A




charchew

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Reply 2 on: Jun 29, 2018
Wow, this really help


carlsona147

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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