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Home Q & A Board Other Fields Homework Help Business Economics
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sinerus sinerus
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6 years ago
Suppose your bank pays you 4% 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% per year over that time, approximately how much real value do you gain by keeping $100 in the bank for a year?
A) $0
B) $10
C) $30
D) $50
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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tristiontristion
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6 years ago
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sinerus Author
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6 years ago
Thanks
Zacellison
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Yesterday
Helped a lot
Kstan109
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2 hours ago
Thanks for your help!!
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