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Picture is attached this is for my Economics class Refer to the table below to answer one question. Option Interest Rate Cash 0.00% Checking accounts

Picture is attached

this is for my Economics class

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Refer to the table below to answer one question. Option Interest Rate Cash 0.00% Checking accounts 0.01% 6-month CD 1.20% 10-year Treasury bond 2.36% Corporate bond 3.33%% What is the implied price of holding money in a checking account rather than investing in Treasury bonds? Instructions: Enter your response as a percentage rounded to two decimal places

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