1. Assume you are in the market to purchase a new home worth up to $200,000. Discuss whether it makes more sense to opt for a 30-year mortgage or a 15-year mortgage. Explain your rationale.
2. Explicate the significance of unexpected inflation so someone completely unfamiliar with economics could make better financial decisions (if he / she listened to your explanation).
3. Determine the best possible way to account for inflation when considering where to invest your money. Provide specific examples to support your response.
This question was asked on Jan 25, 2013 and answered on Jan 26, 2013.
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