Refer to Table 20-6. Consider the following values of the consumer price index for 1996, 1997, and 1998: The inflation rate for 1997 was equal to
A) 1.2 percent. B) 2.0 percent. C) 2.5 percent. D) 4.0 percent.
Question 2
Money's most narrow definition is based on its function as a
A) store of value.
B) standard of barter.
C) unit of account.
D) medium of exchange.
E) standard of deferred payment.
