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2 weeks ago
Under which one of the following situations would you be better off?

• You lend a friend $1,000 at 6 percent to be repaid in one year and unanticipated inflation is 7 percent during the year.

• You have $10,000 in your savings account paying 5 percent per year and unanticipated inflation is 8 percent per year.

• You have paid $500 for a $1,000 U.S. savings bond that matures in 10 years and unanticipated inflation is 10 percent per year.

• You borrowed $2,500 at 7 percent to pay for this year's college expenses and unanticipated inflation is 12 percent during the year.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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Posts: 64
2 weeks ago
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You borrowed $2,500 at 7 percent to pay for this year's college expenses and unanticipated inflation is 12 percent during the year.
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2 weeks ago
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2 weeks ago
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