Most U.S. currency held outside the U.S. banking system is held ...

[serike]

Most U.S. currency held outside the U.S. banking system is held by foreigners.
 
  Indicate whether the statement is true or false

Question 2

If consumers purchase fewer of those products that increase most in price and more of those products that decrease in price as compared to the CPI basket, then
 
  A) changes in the CPI are unrelated to the true rate of inflation.
  B) changes in the CPI understate the true rate of inflation.
  C) changes in the CPI overstate the true rate of inflation.
  D) changes in the CPI accurately reflect the true rate of inflation.

[cadimas]

Answer to Question 1

TRUE

Answer to Question 2

C

[serike]

YES! Correct, THANKS for helping me on my review

[nguyenhoanhat]

Thanks for the timely response, appreciate it