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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
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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Updated 9/19/2012 11:50:03 PM
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simplekaren89, please don't post duplicate answers.
Added 9/19/2012 3:39:21 AM
commodity money
Added 9/19/2012 4:02:46 AM
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Flagged by debnjerry
representative money
Added 9/19/2012 11:12:10 PM
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Flagged by jeifunk
portability
Added 9/19/2012 11:12:50 PM
This answer has been flagged as incorrect.
Flagged by jeifunk
c. representative money- a representative money means Something that is not in the physical form of currency, but represents the intent to pay money
Added 9/19/2012 11:50:03 PM
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