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6. The CPI in 2020 was 254. In 2021, the CPI is currently 268. What is the inflation rate over that period? a. 5.5% b. 4.5% c.5.2% d. 6.2% 7. For cryptocurrency to be considered money, it must be Exchangeable for some good or service b. Divisible into smaller units c. Used by most members of society d. Approved by the government 8. In 2009, a basket of goods cost $198. That same basket of goods now costs $1,980. What has been the CPI over that period? a. 10 b. 9 c. 100 d. 0.1 Chapter 2 Markets, Institutions, and Financial Instruments" 9. Juan purchases automobile insurance; the insurance contract is a: a. financial instrument. b. form of money. c. transfer of risk from the insurance company to Juan. d. financial intermediary. 10. Asymmetric information in financial markets is a potential problem usually resulting from: a. borrowers having more information than the lenders. b. lenders having more information than borrowers. c. the fact that people are basically dishonest. d. the uncertainty about Federal Reserve monetary policy