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    The U.S Banking System
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    Exam 2: Development of the Us Banking System
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    The Original Cost of a Product Is $75
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The Original Cost of a Product Is $75

Question 48

Question 48

Short Answer

The original cost of a product is $75. Inflation for the first year is 8 percent; for the second year, inflation is 10 percent. What is the cost of the product at the end of the second year?

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