Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

suppose you are given R10 000 Which you want to save. A dear companion contends with you that banks will undoubtedly going to fail, so

suppose you are given R10 000 Which you want to save. A dear companion contends with you that banks will undoubtedly going to fail, so you should keep the cash in your sleeping cushion. If inflation is expected to be positive in the medium term, would this be good or bad idea in the event that you wish to protect purchasing power? choose most correct answer

A IT WOULD BE GOOD IDEA AS UNCERTAINTY IS HIGH

B IT WOULD BE GOOD IDEA THE CURRENT CRISIS WILL LEAD TO NEGATIVE RETURNS FRO BANKS

C IT WOULD BE BAD IDEA AS MOTHS COULD GET THE MONEY

D IT WOULD BE BAD IDEA INFLATION WILL ERODE THE VALUE OF THE MONEY

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions