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Question: Suppose you can earn 5 percent on your savings account if you deposit $500 in it. The inflation r...

Show transcribed image text Suppose you can earn 5 percent on your savings account if you deposit $500 in it. The inflation rate is 3 percent. The opportunity cost of holding the $500 as money is $525. $80, $30. $25. $100. The Board of Governors of the Federal Reserve Banks. the collection of the 12 presidents of the Federal Reserve Banks. a seven-member board, each one serving a one-year term. a seven-member board, each one serving a 14-year term. the main policy-making body of the Fed. a 14-member board, each one serving a seven-year term.

Suppose you can earn 5 percent on your savings account if you deposit $500 in it. The inflation rate is 3 percent. The opportunity cost of holding the $500 as money is $525. $80, $30. $25. $100. The Board of Governors of the Federal Reserve Banks. the collection of the 12 presidents of the Federal Reserve Banks. a seven-member board, each one serving a one-year term. a seven-member board, each one serving a 14-year term. the main policy-making body of the Fed. a 14-member board, each one serving a seven-year term.