Hun Puts $90 into a Safety Deposit Box

question 66

Multiple Choice

Hun puts $90 into a safety deposit box. Each month she puts in an additional $50. Find the size of her savings after 4 years.

• A) $2,490
• B) $1,135
• C) $1,950
• D) $4,805

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Definitions:

Discouraged Workers

Individuals not actively searching for employment due to previous unsuccessful attempts or a belief that no jobs are available for them.

Unemployment Insurance

Unemployment insurance is a government-provided benefit that offers temporary financial assistance to workers who have lost their jobs through no fault of their own.

Business Cycle Peak

The business cycle peak is the point at which an economy transitions from a period of expansion to a period of contraction, marking the highest level of economic activity before a downturn.

Cyclical Unemployment Rate

The rate of unemployment caused by changes in the economic cycle, such as recessions or expansions.