Which of the Following Groups Would Benefit Most in Real

question 99

Multiple Choice

Which of the following groups would benefit most in real terms from a period of high and unanticipated inflation,as was experienced in Canada in the early 1970s?

• A)mortgage companies and banks who issued fixed-rate mortgages to clients
• B)banks with outstanding loans to their customers
• C)seniors whose income is largely interest earnings on past savings
• D)firms that maintain large cash balances for the operation of their business
• E)homeowners who had long-term fixed-rate mortgages

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Definitions:

Group Therapy

The simultaneous treatment of several or more clients in a group.

Social Skills

The abilities necessary for effective interpersonal behavior, such as communication, empathy, conflict resolution, and relationship building.

Less Expensive

This term refers to goods or services offered at a lower price compared to other alternatives.

Unhappiness

A feeling of sadness, discontent, or general dissatisfaction with one's circumstances or life in general.