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Vika [28.1K]
3 years ago
12

You are concerned about inflation eroding your college savings. You should put your money in an account that offers

History
1 answer:
ddd [48]3 years ago
7 0
In simple words, the given case relates to the time value of money. As the inflation in the economy rises the price level also rises leading to lower value of the money in the accounts.
If a depositor gets interest on his or her savings more than the inflation rate than they will get their money worth as per the standards of the inflation. Thus, we can conclude that the correct option is B.
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