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Sholpan [36]
3 years ago
5

Veronica has received a $3,000 gift and is looking for a bank to start a savings account. Which option would be the best for her

if the current inflation rate is 2.5%?
A) A bank that offers 4% interest
B) A bank that offers 3% interest
C) A bank that offers 2.5% interest
D) A bank that offers 3.5% interest
Social Studies
1 answer:
Oksanka [162]3 years ago
7 0

Answer:

A

Step-by-step explanation:

You are looking for the highest real interest rate, which is the nominal rate minus the inflation rate. With that being said, the lowest interest rate is 2.5%, which wouldn't make her anything. However, the 4% interest rate yields 1.5% real interest, making it the best option.

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Explanation:

In the 1600s the slavery of African Americans in the United States was only nascent. In 1619 it is believed that the first slaves were brought by British Colonists to Jamestown, although there are accounts of Spanish explorers establishing earlier communities and bringing slaves in what is now South Carolina via the port in Charleston established in 1670. There is evidence that from about the 1680s until the civil slaves escaped to areas like the Great Dismal Swamp between North Carolina and Virginia, becoming Maroons who lived as fugitives of the slavery system in their own isolated communities. Later still, slaves who escaped from their American masters would flee to places like St Augustine that was under Spanish control at the time. Spanish controlled Florida became a destination for escaped slaves because Spain welcomed slaves in order to antagonize the British. The first free all black settlement called Fort Mose was established north of St. Augustine in 1738. Pensacola was also a destination for escaped slaves from the 13 colonies up until the 1760s when the British gained control of Florida.

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Answer:

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Explanation:

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