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Vlad [161]
3 years ago
7

Which of the following people is likely to benefit from inflation? A. A person with low income B. A person who has a large savin

gs account C. A person who owes $200,000 on a loan D. A retired person on a fixed income
Business
1 answer:
Lesechka [4]3 years ago
4 0

Answer:

B. A person who has a large savings account.  

It can have a benefit if the interest rate is higher than inflation

C. A person who owes $200,000 on a loan

inflation lets debtors pay lenders back with money that is worth less than it was when they originally borrowed it.

Explanation: A.

A. A person with low income . dont have benefits from inflation

B. A person who has a large savings account.  

It can have a benefit if the interest rate is higher than inflation

C. A person who owes $200,000 on a loan

inflation lets debtors pay lenders back with money that is worth less than it was when they originally borrowed it.

D. A retired person on a fixed income dont have benefits from inflation

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A bank with a simple interest savings plan will automatically transfer money from your paycheck to your savings account, letting you save without any extra effort.

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