Illustrate how inflation can reduce the purchasing power of savings over time if the nominal interest rate is lower than the inflation rate.
Standard detail
SAV.4b
Depth 2Parent ID: 54099B764950423DACF1C83D3C9198D3Standard set: 12th Grade
Original statement
Quick facts
- Statement code
- SAV.4b
- List ID
- b
- Standard ID
- BC76F72192AB4EE9BFF1B05D2E61B54D
- Subject
- Personal Financial Education (2021)
- Grades
- 12
- Ancestor IDs
- 54099B764950423DACF1C83D3C9198D31A5169AAAF7F4ED5BC0770208D962047
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US