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Money Growth and Purchasing Power

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Which ones of the following choices represent correct statements about money growth and purchasing power? Choose ALL that may apply.

A

The rate of inflation indicates the rate of growth of your purchasing power.

B

The rate of growth of your purchasing power is determined by the real interest rate.

C

The nominal interest rate indicates the rate at which your money will grow if invested for a certain period.

D

The real interest rate indicates the rate of growth of your money.