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barmour44 barmour44
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5 years ago
Suppose your bank pays you 4 percent interest per year on your savings account, so that $1,000 grows to $1,040 over a one-year period. If prices increase by 1 percent per year over that time, approximately how much real value do you gain by keeping $100 in the bank for a year?

▸ $0

▸ $10

▸ $30

▸ $50
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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RNIPPRNIPP
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5 years ago
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barmour44 Author
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5 years ago
Thanks
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