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ECONOMICS IN PRACTICE - Essay Example

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The following is an interview that took place between me and Richardson who is a business man.
ME: There has been a high increase in the inflation rate in…
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ECONOMICS IN PRACTICE
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ECONOMICS IN PRACTICE

Download file to see previous pages... Richardson: Most of our savings are in banks since we were planning on establishing a new branch out of town and now the value is reducing as the money loses value, we are afraid we might not recover unless prices stabilize.
Most of our investors have also withdrawn their interest in investing with us until the prices stabilize since there are uncertainties and increased risk incidents, and this is also negatively affecting my business. Banks have also been increasing their interest rate that is reducing our ability to borrow in order to fund our ...Download file to see next pagesRead More
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