Inflation reduces the buying power of money.

Name: Inflation reduces the buying power of money.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

Inflation is the sustained increase in the general price level of goods and services in an economy over a period of time. This means that over time, the same amount of money can buy fewer goods and services due to the increase in prices. Thus, inflation reduces the buying power of money.

Inflation Reduces the Buying Power of Money