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Abhay invests $ 4 , 0 0 0 in a one - year GIC which he purchased in 2 0 1 9 with a fixed

Abhay invests $4,000 in a one-year GIC which he purchased in 2019 with a fixed interest rate of 2%. The inflation rate on the year of
maturity is 2.1%. In this case, which of the following outcomes is true?
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a. Abhay's GIC is unlikely to be affected by inflation as it is a fixed-interest GIC.
b. Abhay's investments rate of return is higher than the rate of inflation.
c. Abhay is likely to benefit from the fixed interest rate offered by the GIC.
d. Abhay is unlikely to make any profit out of this investment.

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