Which of the Following Statements Is True

question 67

Multiple Choice

Which of the following statements is true?

• A) Unexpected inflation benefits lenders and hurts borrowers.
• B) Unexpected deflation benefits lenders and hurts borrowers.
• C) Unexpected inflation benefits borrowers but does not affect lenders.
• D) Unexpected deflation benefits lenders but does not affect borrowers.

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Definitions:

Personal Selling

A direct marketing approach where salespeople personally communicate with potential buyers to promote and sell products or services.

Salesperson

An individual who sells goods and services to other entities, usually in exchange for money.

Credit And Debit Cards

are financial tools used for electronic transactions; credit cards allow borrowing against a line of credit, while debit cards withdraw funds directly from a bank account.

Carrying More Cash

The practice of holding a greater amount of liquid assets or physical currency on hand than usual, often for transactional purposes or as a precaution.