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Ethel took her savings and invested in GICs. The first two years she received enough interest income to maintain her standard of living. She began
Ethel took her savings and invested in GICs. The first two years she received enough interest income to maintain her standard of living. She began to notice that it became more and more difficult to purchase the necessities of life. Which type of risk best explains why Ethel's standard of living had dropped? Explain
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