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Which of the following people is likely to benefit from inflation
A. A person with low income
B. A person who owes $200,000 in a loan
C. A person who has a large savings account
D. A retired person on a fixed income (NOT D)

Respuesta :

Answer:

B. A person who owes $200,000 in a loan

Explanation:

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The people to likely benefit from the inflation is A person who owes $200,000 in a loan. Thus the option (B) is correct.

What is Inflation?

Inflation refers to the situation in which prices of the commodity increases in a given period of time. For Example:the movie tickets prices in 1980 were $2.96 but today the prices are $9.46.

The person who owes loan will be benefited the most because at the time of inflation interest on loan will decrease in order to curb the inflation. The government will decrease the interest rates so that more customers can be attracted and the supply of money will increase in the economy.

Learn more about interest here:

https://brainly.com/question/13324776

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