Question
You have searched online and found banks offering two different interest rates for the same service: Bank A offers 4.5%/a and Bank B offers 4.9%/a
You have searched online and found banks offering two different interest rates for the same service: Bank A offers 4.5%/a and Bank B offers 4.9%/a. All other terms of the service are the same.
In what situation would you be better off choosing Bank A? Explain
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Even though Bank B offers a slightly higher interest rate 49 vs 45 there could be a few situations w...
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
