Business, 18.02.2020 01:00 toricarter00
Last year, Myron purchased a $10,000 certificate of deposit with a 3% rate of interest from his bank. The government reported that prices, on average, have fallen by 5% during the current year. Which of the following can be concluded as a result of this transaction?
Myron loses, while the bank gains.
Myron gains, while the bank remains unaffected.
Myron gains, while the bank loses.
Answers: 2
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Last year, Myron purchased a $10,000 certificate of deposit with a 3% rate of interest from his bank...
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