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Q: If Jackson is paid an interest rate of 10 percent on his savings, but the inflation rate has risen to 20 percent, the purchasing power of his savings is _____. A)increased by 20 percent B)increased
by 10 percent C)decreased by 10 percent D)decreased by 20 percent
A: If Jackson is paid an interest rate of 10 percent on his savings, but the inflation rate has risen to 20 percent, the purchasing power of his savings is C)decreased by 10 percent .
Expert answered|chinggay_0118|Points 242|
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Asked 9/25/2012 3:18:05 PM
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