Question: can you please state true false or uncertain and explain...
Can you please state true false or uncertain and explain the reasoning in 4 or more sentences
7)If the CPI increases from 150 to 153, the inflation rate is 2%. So if your savings account pays a nominal interest rate of 2% then the real interest rate on your account is 0%.
8) Assuming that exchange rates are consistent across currencies, then if the Canadian dollar exchange rate with the US dollar and the US dollar exchange rate with the Euro are both equal to 1.18, then the Canadian dollar exchange rate with the Euro is equal to 1.00.