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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 $ in a oneyear GIC which he purchased in with a fixed interest rate of The inflation rate on the year of
maturity is 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 fixedinterest 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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