Multiple Choice
Which of the following is likely to benefit from a high rate of inflation?
A) a person with $20,000 on deposit at a building society
B) a couple who have borrowed money at a fixed rate of interest to buy their home
C) a person who has retired on a fixed pension
D) a person who has bought a fixed interest bond
Correct Answer:
Verified
Correct Answer:
Verified
Q3: In the circular flow of income diagram
Q4: The number of people classified as employed
Q5: Which of the following is not regarded
Q6: The record of a country's transactions in
Q7: The statements below refer to the circular
Q9: The annual average rate of economic growth
Q10: Explain the circular flow of income model,
Q12: Which of the following is NOT a
Q13: Explain the costs associated with anticipated inflation.
Q126: There are no costs associated with inflation