Is it possible to have money in a savings account and actually lose purchasing power in the long run?
What will be an ideal response?
Yes. It all depends on the interest rate you earn and the amount you pay in taxes, plus the effect of inflation. Let's say the interest rate is 3% and the inflation rate is 4%. You're losing 1% per year right there, plus whatever you have to pay in taxes on the interest.
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Which of the following is not an element in the retail mix?
A. Customer service B. Competitive response C. Merchandise pricing D. Advertising and promotion E. Location
The number of phone calls coming into a switchboard in the next five minutes will either be 0, 1, 2, 3, 4, 5, or 6. The probabilities are the same for each of these (1/7)
If X is the number of calls arriving in a five-minute time period, what is the mean of X? A) 2 B) 3 C) 4 D) 5 E) None of the above
Risks ordinarily assumed in business constitute consideration for the modification of a contract
Indicate whether the statement is true or false
Prime mortgages are provided to borrowers with outstanding credit scores
Indicate whether the statement is true or false