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Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. After 1 year, how much would you be able to buy with the money in this account?
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Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. After 1 year, how much would you be able to buy with the money in this account?

User Biocyberman
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Answer :D

Less than today.

Question explanation.

The key here is the inflation rate is higher than the savings rate.

I hope this answer finds you well - Answered by Lilo

User Gaurav Tewari
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