The benefit of saving is the:Group of answer choicesreal interest ratenominal interest rateinflation ratesaving rate
Question
Solution 1
The benefit of saving is the real interest rate.
Here's why:
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When you save money, you often put it in a savings account or other investment. These accounts typically earn interest over time.
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The nominal interest rate is the rate of interest before adjustment for inflation. It's the rate th Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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