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Business, 15.04.2020 04:39 alialoydd11

Suppose David has $2,000 in a bank account that pays 3% interest, but inflation rises to 5%.
Which of the following statements is true?
The real rate of return for the money invested in that bank account is negative 2%
The real rate of return for the money invested in that bank account is 2%
The real rate of return for the money invested in that bank account is 4%
The real rate of return for the money invested in that bank account is 5%

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Suppose David has $2,000 in a bank account that pays 3% interest, but inflation rises to 5%.
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