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General information

Question text: Adele is 50 years old and is discussing three investment opportunities with a friend. She has already put aside a good sum of money and wants to invest it for the next 10 years, after that she will take an early retirement and move to Florida. She wants to play it safe, so she could invest in a) a saving account that pays 1% per year, b) a T-bill that pays 1.5% per year, or c) a certificate of deposit that pays 2%. The current inflation rate is 2.5% and expected to stay at that level. Her friend tells her that if she invests in this way, she will not be able to buy the same things she can afford today with the sum of money she has in 10 years. Which of the following is correct?
Answer type: Radio buttons
Answer options: 1 Her friend is right
2 Her friend is wrong
3 We cannot tell with this information
98 Don't know
Label: scenario 6 group 4
Empty allowed: One-time warning
Error allowed: Not allowed
Multiple instances: No

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