Suppose Frankie is a consumer in the simple economy from questions 1 and 2. He has sent you an email with some account options that he's considering for saving his money. He knows the nominal interest rates for the accounts and
wants to make sure he understands what his real return will be, considering the inflation rate calculated from question 2.
Which phrase in Frankie's email incorrectly identifies the real rate of return?
Select the correct text in the passage.
Hey! I was wondering if you could look over these options for me. I'm looking at a savings account at Chapman
Bank with a nominal interest rate of 2%, so my real interest rate will be negative. Bank StarOne offers an
account with a stated interest rate of 3%, so my real return will be 5.22%. I'm also looking at a couple of options
at a credit union: one with a nominal rate of 3% (so the real rate is 0.78%) and one that states a rate of 4% (a
real rate of 1.78%).
What do you think of these? Let me know your thoughts.

Part a which statement best describes a central idea in this narrative? in times of tragedy, it is difficult to determine how best to be of service. in times of crisis, people prefer to be alone. young people tend to look to older people to take action in times of tragedy. when people publicly commit to being of service, they are more likely to follow through. part b which detail from the text best to shape the central idea in part a? "'i thought you might have too much going on already. i saw everyone post online.' martin said, 'i don’t think anyone wanted to be in the way today, so i’m glad you came.'" "finally, he said, 'i don’t know what to do. i guess i should tell him to let me know if he needs anything, but that doesn’t feel like enough.'" "he wondered how many people would actually show up to out and how many would simply hope that enough others did." "he explained to her that martin’s mom had died, and told her how he felt about his friend’s loss. 'what do you plan to do for him? ' his mother asked."