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kondor19780726 [428]
2 years ago
6

If you look at average interest rates on savings accounts today, how do they compare with inflation?.

Business
1 answer:
Alina [70]2 years ago
7 0

The average interest rates on savings account today compared to inflation shows that inflation is higher.

<h3>How are savings interest rates and inflation related?</h3>

The current interest rates on savings accounts in the U.S. on average is about 0.08%.

Inflation on the other hand, is 9.1%. This shows that inflation massively outstrips the average savings interest rates.

Find out more on inflation rates at brainly.com/question/9209792

#SPJ1

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Answer:

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