Question
If market interest rates are currently 15% and your investment provides you this 15% return, does that imply that you are 15% more wealthy (after
If market interest rates are currently 15% and your investment provides you this 15% return, does that imply that you are 15% more wealthy (after vs before this investment return)? Assume wealth is defined as the ability to consume (purchase) goods or services.
A | Yes, because with inflation you do indeed have 15% more money | |
B | Yes, because with inflation 15% more money does imply 15% more wealth. | |
C | No, because with inflation 15% more money does not imply 15% more wealth. | |
D | No, because with inflation 15% more money means your wealth increased more than 15%. | |
E | None of the other responses are correct |
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