Your money is on deposit with an interest rate of 5% per annum, and the annual inflation rate is 7% per annum. This means that in a year's time you will be able to buy goods and services when you withdraw your money from the account:

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more than you could buy with that money today

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as much as you could buy with that money today

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less than you could buy with that money today

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Your money is on deposit with an interest rate of 5% per annum, and the annual ...

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