Which of the following is correct about inflation?
A. As the inflation rates increases, the i...
Business, 14.02.2020 05:55 payshencec21
Which of the following is correct about inflation?
A. As the inflation rates increases, the interest rates offered to savers decrease.
B. If you earn 5% and inflation is 10%, your buying power will increase.
C. In order to increase buying power, you need to earn a rate higher than the rate of inflation.
D. Inflation does not affect interest rates for savings accounts.
E. If inflation is 7% and your rate of return in your savings account is 4%, you will experience an overall gain in buying power.
Answers: 1
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