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    Principles of Economics Study Set 11
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    Exam 22: Savings,interest Rates,and the Market for Loanable Funds
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    "Interest Is the Reward for Saving
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"Interest Is the Reward for Saving

Question 169

Question 169

Essay

"Interest is the reward for saving." Or,alternatively,"interest is the opportunity cost of consumption." Explain how these two statements are equivalent.

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Both statements contrast money saved wit...

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