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Economics Questions. PLEASE HELP!?
If the inflation rate is 9.9%, what is the minimum interest you must earn on your savings if you want the spending power of your savings to increase?
a. 4.85%
b. 9.9%
c. 10%
d. 19.8%
1 Answer
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- Anonymous8 years agoFavorite Answer
C, it will increase=0.1% in real term. But I prefer 19.8%.It will make me rich. A and B suck.
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