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irga5000 [103]
3 years ago
10

Who benefits the MOST during periods of unexpected inflation?

Social Studies
1 answer:
Tomtit [17]3 years ago
4 0

The fourth question is correct (D).

To understand this answer, one must understand the mechanism of correction of inflationary processes.

Inflation erodes the purchasing power, thus, the elderly with fixed income will be harmed and not beneficiaries in an inflationary process.

<u>The main mechanism to reduce inflation is the interest rate.</u> In this way, when inflation happens, the Federal Reserve raises the interest rate. This makes public bonds profitable and economic agents begin to use money by buying bonds, reducing the circulation of money and consequently lowering inflation.

For banks that have made adjustable rate loans, this will be a good thing, as interest on the contracts will increase along with the increase in the interest rate, which will make the contracts yield more. Therefore, banks will be the biggest beneficiaries. However, this will happen only when the rate is adjustable.

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Which of the following payment types require you to pay upfront?
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Money orders & pre-paid cards are the payment types that require you to pay upfront.  

These types of payment method require that you pay upfront and get a check which is available in banks, retails stores etc.

A paper document used to make payment, similar to check is known as Money order. It is only issued when after buyer pay cash or other forms of guaranteed fund because they are prepaid.

The people that often used money orders do not have standard checking account, money orders is acceptable and can be converted to cash.

This method of payment is acceptable and is mostly used for paying debts, and it can be purchased from financial institution for a small fee. Some of the places where money orders are sold include post offices, grocery stores, and gas stations. This makes it easy for anyone to purchase.

Pre-paid cards are often called everyday cards. It is plastics and an alternative to carrying money around. When you purchase prepaid, you load it with money and top it up when balance goes down. They are not like credit card where you run debts on. It is also ideal for those who have no bank account because this type of payment method is not linked to a bank account.

LEARN MORE:

  • Which of the following payment types require you to pay upfront?  brainly.com/question/6592417

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5 0
3 years ago
Read 2 more answers
Why is the constitution considered a living document?
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How did Americans pay their final<br> respects to President Lincoln? List<br> two ways
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Answer:

one way was his body was on a funeral train and a few newspaper published the trains route so when it stopped people could pay their respects Another way they did so was the churches in the city of Washington tolled their bells in remembrance of the man who fought to save the union.

4 0
3 years ago
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