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26 June, 15:09

Which of the following people is likely to benefit from inflation? A. A person with low income B. A person who has a large savings account C. A person who owes $200,000 on a loan D. A retired person on a fixed income

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  1. 26 June, 15:42
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    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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