Macroeconomics 12th Edition by Rudiger Dornbusch, Stanley Fischer ,Richard Startz

تمرين 6

Suppose that you have $250 to invest:
a. You decide to store the $250 in cash under your mattress. If inflation is 3 percent, what will the real value of that cash be after one year under the mattress
b. If the nominal interest rate for a typical savings account is 1 percent, how much value did you lose by not depositing the money at the bank