It slightly misses the point that actual threshold depends on inflation. 20% annual return on an insured bank deposits is absolutely normal for currencies with 25% annual inflation.
I suppose another piece of financial knowledge is "check whether figures are in real or nominal units (i.e. inflation adjusted or not) and apply adjustment".
This has been greatly simplified by inflation being low for a very long period until the recent transient bump.
So true. Vietnam offers ~7% on bank accounts and inflation is much higher than that. Although, of course, the government doesn't admit that either and reports it at ~4%.
This has been greatly simplified by inflation being low for a very long period until the recent transient bump.