In Feb 2018, a foreign forecast that China's

1.6% in 2017 to

ple made their

If the resulting

7. In Feb 2018, a foreign bank forecast the

inflation rate would grow from 1.6% in 2

24% in 2018. Suppose most people made

decisions based on this forecast. If the res

inflation rate was 3%, which of the followi

economic entities would most likely lose?

A. The foreign bank

B. Ann, who has deposited RMB 300,000 into

her fixed deposit account with a Chinese bank

C. Marco, who lives alone in a rental house in

Shanghai at a fixed rent

D. Howard, who owns an inflation-linked bond

Es issued by the Chinese government

Question

Business

Nylah Sosa

24 October, 09:39

In Feb 2018, a foreign forecast that China's

1.6% in 2017 to

ple made their

If the resulting

7. In Feb 2018, a foreign bank forecast the

inflation rate would grow from 1.6% in 2

24% in 2018. Suppose most people made

decisions based on this forecast. If the res

inflation rate was 3%, which of the followi

economic entities would most likely lose?

A. The foreign bank

B. Ann, who has deposited RMB 300,000 into

her fixed deposit account with a Chinese bank

C. Marco, who lives alone in a rental house in

Shanghai at a fixed rent

D. Howard, who owns an inflation-linked bond

Es issued by the Chinese government

+2

Answers (1)

Know the Answer?

Trevin · Answer 1

D

Explanation:

because the chinese government would have to recover anything that went missing if his/her account inflated

sorry if this is wrong but i did a test that had this question and i got it right