If you receive $200 from your family as a graduation gift and decide to keep it in your wallet instead of depositing it into your savings account earning 2%, what is your opportunity cost?

A) The opportunity cost would be $4.

B) The opportunity cost would be $40.

C) The opportunity cost would be $20.

D) The opportunity cost would be $200.

Question

Charles Griffin

20 November, 09:51

+3

Answers (1)

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Remington Pearson · Answer 1

Remington Pearson 20 November, 10:40

0

Answer: A

You take 200 * 0.02