Question and answer
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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Questions asked by the same visitor
“Objects that have value in themselves and that are also used as money” is the definition for _____. A)commodity money B)representative money C)fiat money D)money
Weegy: A)commodity money User: Of the following items, which form of currency is the most durable and portable? A)olive oil B)cattle C)rice D)tulip bulbs Weegy: A)olive oil (More)
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Asked 9/18/2012 11:35:33 AM
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When was the first Bank of the United States formed by the Federalists? A)in the late eighteenth century B)after the Civil War C)in the first quarter of the D)nineteenth century during the American Revolution
Weegy: D)nineteenth century during the American Revolution was when the first Bank of the United States formed by the Federalists. (More)
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Asked 9/18/2012 2:43:09 PM
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“Objects that have value because the holder can exchange them for something else of value” defines _____. A)fiat money B)portability C)representative money D)commodity money
Question
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Updated 9/19/2012 11:50:03 PM
8 Answers/Comments
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
representative money
Added 9/19/2012 11:12:10 PM
portability
Added 9/19/2012 11:12:50 PM
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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