The average inflation rate in the US over the past 85 years has been around Group of answer choices 6% 8% 3% 1% The main responsibility of the Federal Reserve is to Group of answer choices Approve spending by congress Maintain a balanced budget for the federal government Set Federal Income tax rates Regulate money supply and the interest rate The Stevens family would like to retire in 30 years. They have set aside $100,000 towards retirement. Assuming an 8% return, and excluding any further investments or additions, the $100,000 would grow to approximately upon retirement. Group of answer choices $1,000,000 $600,000 $225,000 $800,000 Anne has not saved any money towards retirement. She would like to retire 19 years from now. Assuming she starts saving today, and that she saves $10,000 per year in retirement accounts, and assuming a 9% rate of return, she would have in her retirement accounts in 19 years. Group of answer choices $340,000 $570,000 $460,000 $220,000 According to the Rule of 72, Money compounding at 8% would double in Group of answer choices 8 years 12 years 9 years 6 years Which of the following is the best reference to be used to determine a person's overall financial position and financial solvency? Group of answer choices Balance sheet Budget Cash flow statement