Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. you deposit $1,500 in a bank where you have a savi

You deposit $1,500 in a bank where you have a savings account. The bank pays...

90.2K

Verified Solution

Question

Basic Math

image

You deposit $1,500 in a bank where you have a savings account. The bank pays you an interest of5% per month. But later, the bank reduces the interest rate from 5% to 3%, and that reduces your interest earnings from $75 to $45.What kind of risk explains the given situation?(a) Deposit risks(b)Savings risks(c)interest rate risks

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

1) Consider the discrete probability distribution to the right when answering the following question. Find the...

Physics
1.2K views

. You read in the newspaper that rocks from Mars have been found on Earth. Your...

Basic Math
1.2K views

Why is sampling distribution a theoretical distribution?

Basic Math
1.2K views

3x 4 8 9x 8 8x 9x 1 7 x 8 2x 4 3x 6...

Calculus
1.2K views

Enter the expression that represents 3 In 2 In 5 In 4 as a single...

Calculus
1.2K views

Use a graphing utility to approximate the solutions to three decimal places of the equation...

Algebra
1.2K views

Overall around 50 of people have brown eyes You randomly choose 30 locations in your...

Accounting
1.2K views

Boyne University offers an extensive continuing education program in numerous cities. For the convenience of...

Accounting
1.2K views

Which of the following costs is NOT part of manufacturing overhead? (Points : 7) Depreciation...

Accounting
1.2K views

Assume markup is based on selling price. Solve for the selling price. (round to nearest...

Accounting
1.2K views

of companies for the year ended 31 December 20XSMS tele-stage method of Given below are...

Accounting
1.2K views

As sales manager, Joe Batista was given the following static budget report for selling expenses...