Question
The local credit union pays interest of 7% on amounts held in its savings accounts. Because Gwen does not trust banks, she chooses not to
The local credit union pays interest of 7% on amounts held in its savings accounts. Because Gwen does not trust banks, she chooses not to have a savings account, and instead keeps $1,000 in cash in her home safe. What is Gwens annual opportunity cost of keeping her money at home instead of putting it in a savings account at the credit union?
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
10th Edition
1439898189, 978-1439898185
