Answer:
The purchasing power will be lesser reason been that the inflation rate of 3% is higher than the interest rate of 2% that is earn by you
Explanation:
Based on the information given the statement that is accurate based on what you can purchase at the end of the Certificate of Deposit ( CD's) term is that your purchasing power will be lesser reason been that the inflation rate of 3% per year is higher than the interest rate of 2% per year that is earn by you .
The statement that can be implied from the information given is that the quantity of goods that will be purchased will be lower.
Inflation simply means the increase in the price of goods and services. Based on the information given, the interest on the certificate of deposit is 2% while the inflation rate runs 3% per year.
Thai simply means that the purchasing power of the person will be affected by inflation. Therefore, the quantity of goods that will be purchased will be lower.
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