Question
Suppose that you put RM20,000 cash in an empty box and hide it in your apartment for one year, during which time inflation was 5%.
Suppose that you put RM20,000 cash in an empty box and hide it in your apartment for one year, during which time inflation was 5%. What has happened to the purchasing power of that RM20,000?
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The Economics of Women Men and Work
Authors: Francine D. Blau, Marianne A. Ferber, Anne E. Winkler
7th edition
978-0190670863, 019067086X, 132992817, 978-0132992817
