Patriotgang4503 Patriotgang4503

19-01-2024
Business

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Consider a Dutch investor with 1,000 euros to place in a bank deposit in either the Netherlands or the UK. The interest rate on bank deposits is 2% in the UK and 4% in the Netherlands. If 1,000 euros are deposited in the Netherlands, they will grow to be _______ in one year.
a) €1,020
b) €1,040
c) €1,010
d) €1,080

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