Other

Question

savingo

• A. If your savings grow slower than inflation, your savings will buy

more.

• B. If inflation increases faster than your savings, your savings will be

worth less.

• C. If inflation decreases faster than your savings, your savings will be

worth more.

• D. If your savings grow faster than inflation, your savings will buy

less.

Answer

D. If your savings grow faster than inflation, your savings will buy less.

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Option D is correct. Inflation is the rate at which prices for goods and services increase over time. If your savings grow faster than inflation,...