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.
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Social Studies » 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.