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Business, 09.02.2021 18:10 kingje1477

You deposit $1,500 in a bank where you have a savings account. The bank pays you an interest of 5% per month. But later, the bank reduces the
interest rate from 5% to 3%, and that reduces your interest earnings from
$75 to $45.
What kind of risk explains the given situation?

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Answers: 1

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You deposit $1,500 in a bank where you have a savings account. The bank pays you an interest of 5%...
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