You deposit $1,500 in a bank where you have a savings account. The bank pays you an interest of5% per month. But later, the bank

Question

You deposit $1,500 in a bank where you have a savings account. The bank pays you an interest of5% per month. But later, the bank reduces the interest rate from 5% to 3%, and that reduces your interest earnings from $75 to $45.
What kind of risk explains the given situation?

(a) Deposit risks

(b)Savings risks

(c)interest rate risks

Kunduz · Accepted Answer

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