What is the impact on a checking account's purchasing power if it is earning 2% APY and inflation is 3% for the past year? A. Savings outpaced inflation by 1% B. Interest outpaced inflation by 1% C. Inflation outpaced savings by 1% D. The impact cannot be determined without knowing the balance ___________ is the risk that the value of your investment will decrease due to changes in the market. A. Default risk B. Interest rate risk C. Market risk D. Liquidity risk __________ is the risk of not being able to cash out an investment quickly enough to cither meet cash flow needs or to prevent a loss. A. Default risk B. Interest rate risk C. Market risk D. Liquidity risk