In recent years the annual inflation rate has been

A) over 10% each year.
B) between 5% and 10% each year.
C) between 2 and 4 percent.
D) negative (deflation) in about half the years.


Ans: C) between 2 and 4 percent.

Business

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Answer the following statement true (T) or false (F)

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Fill in the blanks with correct word

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Which of these accounts would normally be affected by an adjustment?

A. Cash. B. Equipment. C. Notes Payable. D. Deferred Revenue.

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Loans on which the interest is paid in advance are often called ________

A) premium loans B) long-term loans C) term deposits D) discount loans

Business