Why are people with savings hurt by inflation?
A. Inflation reduces the interest savings accounts pay.
B. The money they saved in the past is worth less in the future.
C. The money is worth more now than it was in the past, leading to a higher tax bill.
D. Inflation discourages people from saving.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Why are people with savings hurt by inflation? A. Inflation reduces the interest savings accounts pay. B. The money they saved in the past ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Laurie owns a 2014 Honda Accord, which is the third Honda vehicle that she and her husband have owned. They describe themselves as a "Honda family" and intend to purchase another Honda automobile when their daughter gets her driver's license.
Answers (1)
The finished goods inventory estimated for March 1, for the Bath and Gym scale models is 11,800 and 8,100 units, respectively.
Answers (1)
Madden Corporation manufactures tminus- shirts, which is its only product. The standards for tminus-shirts are as follows: Standard direct materials cost per yard $ 8 Standard direct materials quantity per tminus-shirt (yards) 1.
Answers (1)
If involved in a crash while driving a vehicle owned, leased, or operated by the employer, the driver must let the employer know of the crash within __ days on an employer approved form.
Answers (1)
If you cause a car accident, which type of insurance will require you to pay the least out of pocket?
Answers (1)
New Questions in Business
Calculator Osler Company is considering an investment with the following dа ta: Initial cost $200,000 Annual net cash inflows $25,000 Expected life 10 years Salvage value none Depreciation will be taken on a straight-line basis over the
Answers (1)
Suppose the current spot rate for the Norwegian kroner is $1 = NKr6.6869. The expected inflation rate in Norway is 6 percent and in the U. S. it is 3.1 percent. A risk-free asset in the U. S. is yielding 4 percent.
Answers (1)
1. The level of prices and the value of money Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of tea, one biscuit, and one magazine. In year one, the basket costs $9.00.
Answers (1)
March 1 Issues 49,000 additional shares of $1 par value common stock for $46 per share. May 10 Purchases 4,400 shares of treasury stock for $49 per share. June 1 Declares a cash dividend of $1.20 per share to all stockholders of record on June 15.
Answers (1)
Bonita Industries had the following information at December 31: Finished goods inventory, January 1 $ 70000 Finished goods inventory, December 31 150000 If the cost of goods manufactured during the year amounted to $2200000 and annual sales were
Answers (1)