Question

Applying £ 100,000 in savings rate of 6% per year and the best market application is 10% per year, the opportunity cost is 4% per year.

a)
The statement is false in part because there is no opportunity cost;

b)
The statement is completely true;

c)
The statement is true in part because the opportunity cost is calculated wrong;

d)
The statement is false in part, although the opportunity cost is calculated correctly;

e)
The statement is totally false.

Answer 1

it is c