A financial institution offers you a one-year certificate of deposit with an interest rate of 5 percent.
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A financial institution offers you a one-year certificate of deposit with an interest rate of 5 percent. You expect the inflation rate to be 3 percent. What is the real return on your deposit?
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I am chartered Accountant by profession & member of the Institute of Chartered Accountants of India.I have completed my B.com Honours.i have knowledge in relation to accounts,Tax,cost,Auditing.
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Related Book For
Money Banking and Financial Markets
ISBN: 978-1259746741
5th edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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