When inflation occurs, money saved ____________ its purchasing power and becomes a poor ____________.
A) gains in; unit of value
B) loses; unit of value
C) gains in; store of value
D) loses; store of value
Correct Answer:
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Q21: A nominal quantity is one that is
Q22: Values that are in current, or face,
Q23: Values that have been adjusted for inflation
Q24: This type of inflation is a result
Q25: All of the following can be identifies
Q27: This type of inflation is a result
Q28: Consider the following sectors of an economy's
Q29: Which of the following would contribute to
Q30: If an economy is at Point a
Q31: _ will benefit from inflation.
A)Savers
B)Borrowers
C)Lenders
D)People on fixed
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