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You have 50,000BD which you can use to either buy cars or to deposit in a bank account for 1 year. Inflation for the year
You have 50,000BD which you can use to either buy cars or to deposit in a bank account for 1 year. Inflation for the year is estimated to be 7 percent, and the bank deposit rate is 4.5 percent. If you had a goal of purchasing as many cars as possible, when should you buy them
Select one:
a. Not enough information to decide
b. After a year
c. Now
d. After 2 years
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