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- Supposeyouhave$200,000inabanktermaccount.Youearn5%interestper annum from this account. You anticipate that the inflation rate will be 4% during the year. However, the actual inflation rate for the year is 6%. Calculate the impact of inflation on the bank term deposit you have and examine the effects of inflation in your city of residence with attention to food and accommodation expenses.Develop your concept that what will be the effect of inflation on money if it is not invested. Also define inflation, Deflation and hyperinflation. Which of the following is NOT a function of money? A. A medium of exchange B. A measure of inflation C. A store of value D. A unit of account
- The Great Swedish Warrior that Never Lived Hog Sverige! Hog Sverige!! Hog Sverige!!! Noise envelopes the forest. 15,000 soldiers of Osson had gathered to celebrate the fall of Odense. Singing and celebrating during the cold winter of 1230 AD. Osson was a great Swedish warrior who reigned between 1230 AD and 1275 AD. At the war front, he was fearless, energetic, and brutal. His followers called him the great bear. In 1232, Osson and his soldiers dared the cold winter and invaded Vaasa in today's Finland. It was a huge task for Osson and his men because the Finns lived on the mountains. They could detect invasion easily. After three days of wars, Osson conquered Vaasa and his men looted all goods and assets available. On their way back to Sweden, a tragedy struck. They entered Vaasa by canoes. When they got back to the Baltic Sea, a tsunami had destroyed all their canoes. Swimming was not an option. Osson and his men wandered in the forest until he found a small village. He asked for the…with the aid of a well labelled diagram ,carefully expalin the impact on the money market if there was a discovery of gold and fuels inflation?What is the effect of inflation on the real value of money? a. Decrease b. Not related c. No effect d. Increase
