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soldi70 [24.7K]
3 years ago
10

Whom does inflation hurt the most?

Business
2 answers:
Allisa [31]3 years ago
4 0

Answer:

The correct answer is <u>D) Creditors </u>

Explanation:

Inflation is the rise in the prices of goods and services. It is actually the depreciation in the value of money. Suppose if at one point of inflation, a product is purchased at $5, then if the inflation rises then the same product will now be purchased in say $6. This is how inflation affects the value of money.

The creditors who gave loans to others will be most affected by the increase in inflation, because they will receive the same amount of money back but with the decreased value of the money. Suppose, they gave $5000 loan to someone, and with the increase in inflation the value of money will decrease but they will still get the credited amount, which will be a loss for them.

drek231 [11]3 years ago
3 0

Answer:

consumers

Explanation:

The consumers of any given market are the ones that finally pay the increase of prices driven by inflation.

Inflation means that there is an increase in the prices of goods and services per year. This increase affects all the actors in a given economy but in the bottom-line consumers are the ones that pay these increment in prices.

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One that would be beneficial to myself and my family.
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3 years ago
Which of the following provides the best explanation for how consumer credit can exacerbate inequality?
Flura [38]

Answer:

people with lower wealth and income may have less access to credit and pay higher interest rates when they are approved

Explanation:

8 0
2 years ago
After learning more about implied warranties and disclaimers, would you ever buy an item sold "as is"? Imagine a car salesman wh
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Answer:

one should go to buy a car for $8000

Explanation:

given data

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solution

As here Implied Warranty is the sale contract environment oral or written that provides some assurance that the products sold are suitable for trade and purpose. It arises from the operation of the law.

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7 0
3 years ago
A party to a lawsuit that has an actual stake in the outcome of the case has:
MrMuchimi
I believe the answer is Legal standing.
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The amount of involvement that certain parties had in the case will determine how much involvement the party is allowed to influence the case.
3 0
3 years ago
Read 2 more answers
A company reports the following information for June: Sales revenue $ 104,000 Income tax expense $ 11,000 Operating expenses 22,
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Answer:

Gross profit    $39,000

Explanation:

X company

Income statement ( parochial)

For the year ended, June 30 20YY

Sales revenue                                                       $104,000

Less: cost of goods sold                                       $65,000

Gross profit                                                            $39,000

In that case, we do not use Income tax expense, Operating expenses, Deferred revenues, Non-operating revenues because those will be needed when we will calculate the net income.

5 0
3 years ago
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