7. The calculation of depreciation using the declining-balance method ignores salvage value in determining the amount to which a constant rate is applied. 8. Inflation occurs whenever the price level falls continuously over a period of time. 9. When the supply of a product or service goes down and the demand stays the same the Price will typically fall. 10. To earn as much interest as possible, you should open a savings account that earns simple interest and has the highest interest rate.

Personal Finance
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ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter16: Real Estate And High-risk Investments
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7. The calculation of depreciation using the declining-balance method ignores salvage value in
determining the amount to which a constant rate is applied.
8. Inflation occurs whenever the price level falls continuously over a period of time.
9. When the supply of a product or service goes down and the demand stays the same the Price will
typically fall.
10. To earn as much interest as possible, you should open a savings account that earns simple
interest and has the highest interest rate.
Transcribed Image Text:7. The calculation of depreciation using the declining-balance method ignores salvage value in determining the amount to which a constant rate is applied. 8. Inflation occurs whenever the price level falls continuously over a period of time. 9. When the supply of a product or service goes down and the demand stays the same the Price will typically fall. 10. To earn as much interest as possible, you should open a savings account that earns simple interest and has the highest interest rate.
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