You take $100 from your bank and spend all of it at A's store. A spends 90% of the 100$ at B's store. B spends 90% of that value (about $81, if you are curious) at C's store. C spends 90% of that value (about $72s if your are curious at D's store. Who spends 90% of that at.....so eventually this spending will come to an end. At the end of all this, how much spending happened?

You take $100 from your bank and spend all of it at A's store. A spends 90% of the 100$ at B's store. B spends 90% of that value (about $81, if you are curious) at C's store. C spends 90% of that value (about $72s if your are curious at D's store. Who spends 90% of that at.....so eventually this spending will come to an end. At the end of all this, how much spending happened?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section: Chapter Questions

Problem 26AA

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