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larisa86 [58]
3 years ago
12

Why are people with savings hurt by inflation?

Business
1 answer:
oksian1 [2.3K]3 years ago
7 0

Answer:

B) The money they saved in the past is worth less in the future

Explanation:

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Saving will attract lower interest rates, sometimes below the inflation rate. Banks offer lower rates on saving and charges a higher interest rate to borrowers to make profits. Because saving offer lower returns, they are suitable for short-term periods. Savings are relatively safer than investment.

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