Someone showed me this and I was surprised.
http://www.tmb.in/d_fixeddeposit.htm#show_value
These banks claim to give you 10% return on the amount you deposit a specified time period from now. So for example, deposit 1000 at 10% return, and you are guaranteed 1100 at the end of a year.
Am I understanding this correctly? Is this for real?
inflashun.
Countries with high growth = high inflation = higher interest rates and generally higher return rates.
From my understanding, this is why emerging economies are being flooded with foreign investment as rich economies seek greater returns.
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