Since 2010, the interest rate on passbook accounts and certificates of deposit has
A)been less than the rate of inflation.
B)has closely tracked the rate of inflation.
C)exceeded the rate of inflation by 1.5% on average.
D)fluctuated widely.

Question

Quizplus · Accepted Answer

The passage does not provide any information about the interest rates exceeding the rate of inflation or fluctuating widely. However, it does mention that the rates have been "disappointing" since 2010, which implies that they have been less than the rate of inflation. Therefore, A is the best choice.

Since 2010, the Interest Rate on Passbook Accounts and Certificates