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.
+5
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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the 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.