Savers should always attempt to obtain an interest rate that is less than the inflation rate.

Name: Savers should always attempt to obtain an interest rate that is less than the inflation rate.
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Question

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Savers should aim to obtain an interest rate that is higher than or at least equal to the inflation rate. If the interest rate is less than inflation, the purchasing power of their savings will decrease over time.

Savers Should Always Attempt to Obtain an Interest Rate That