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4 ptsBusiness & Finance · FRQ Trainer
Free-response 1 of 2 · Unit 2: Saving and Investing
Prompt
A young professional is deciding between keeping their emergency fund in a standard checking account with zero interest or moving it to a high-yield savings account offering 4% APY. (a) Define opportunity cost. (b) Identify the opportunity cost of keeping the money in the checking account. (c) Explain the role of inflation in this decision. (d) Describe one potential disadvantage of moving the money to a high-yield savings account or CD.
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