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Home Q & A Board Other Fields Homework Help Business Economics
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lmalma lmalma
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Posts: 491
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4 years ago
Suppose your bank pays you 5 percent interest per year on your savings account. If prices increase by 5 percent per year over that time, approximately how much real value do you gain by keeping $100 in the bank for a year?

▸ $0

▸ $1

▸ $3

▸ $6
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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Nikki_LYNNNikki_LYNN
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#1
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4 years ago
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lmalma Author
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4 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
bahajo
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Yesterday
Helped a lot
jbag1237
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2 hours ago
This helped my grade so much Perfect
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