Multiple Choice
When inflation functions as a type of tax,which of the following groups of people will be hurt the most?
A) people or businesses with deposits in a savings account that pays an interest rate higher than the rate of inflation
B) people or businesses that invest in gold,silver,platinum,or other metals
C) people who hold currency and coins in their wallet,purse,or at home
D) people who invest their money in mutual funds
Correct Answer:
Verified
Correct Answer:
Verified
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