ECONOMICS
INFLATION
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
This group of people suffer when inflation occurs:
|
Savers
|
|
People who can increase their incomes
|
|
Borrowers
|
|
Government
|
Explanation:
Detailed explanation-1: -Savers. Traditionally savers lose from inflation. If prices rise, the value of money falls, and the real value of savings declines.
There is 1 question to complete.