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mars1129 [50]
3 years ago
15

Unexpectedly high inflation tends to hurt ________ most

Business
1 answer:
a_sh-v [17]3 years ago
5 0
Unexpectedly high inflation tends to hurt lenders the most. When lenders lend money, it is valuable ,  but the amount of money that must be returned to him/her is fixed. Over time, the value of the money keeps depreciating and finally when the borrower does return the money, the value decreases to a very small amount, which is not worth much. For example, let's say a borrower borrows money from a lender to buy a car. With time, the value of money depreciated so much that when the borrower finally returns the money, the same amount of money is not even worth buying a box a matches!
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In a tiny village, on the coast of South America, early inhabitants used sea shells, as money. Some of these shells were very be
RUDIKE [14]

Answer:

Option (B) is correct.

Explanation:

Unit of account:

There are some functions of money or we can say that characterstics of money:

(a) Medium of exchange

(b) Store of value

(c) Unit of account

(d) Standard of deferred payments

Sea shells are precious items but one cannot properly split divide those sea shells into small denominations like money does. Money is easily storable, people use as a medium of exchange and unit of account.

By unit of account we mean that we can easily measure the value of goods and service and many things in monetary terms but we cannot measure in terms of sea shells.

That's why sea shells unfit to act as money today.

8 0
3 years ago
A _____ is an ability or accomplishment that makes someone suitable for a particular activity or job.
grin007 [14]

The answer to your question is,

Qualification.

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3 0
3 years ago
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Which event has the greatest consequences for the child Gail in “Child Waiting”?
dalvyx [7]

Answer:

her parents’ divorce

Explanation:

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7 0
2 years ago
Read 2 more answers
Which of the following is not an form of money that was traded
Semmy [17]

Answer:

(D) because you cannot sell shells.

8 0
2 years ago
the following are characteristics shared by both for-profit and not-for-profit corporations EXCEPT ________.
MArishka [77]
The following are characteristics shared by both for-profit and not-for-profit corporations EXCEPT <span> issuing shares of stock</span>
4 0
3 years ago
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