Which of the statements below is FALSE regarding interest rates in the United States between 1950-1999?
A)Inflation has varied from a low of 5% to a high of slightly over 13%.
B)The average rate for the 3-month U.S.Treasury bill was 5.23%.
C)The average rate of inflation was 4.05%.
D)The average real interest rate was 1.18%.

Question

Quizplus · Accepted Answer

The statement that inflation has varied from a low of 5% to a high of slightly over 13% is false. Inflation has actually gone as high as 14.76% in 1980.

Which of the Statements Below Is FALSE Regarding Interest Rates