If People Had Been Expecting Prices to Rise but in Fact

question 7

Multiple Choice

If people had been expecting prices to rise but in fact prices fell,then who among the following would benefit?

• A)lenders and people holding a lot of currency
• B)lenders but not people holding a lot of currency
• C)people holding a lot of currency but not lenders
• D)neither lenders nor people holding a lot of currency

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Definitions:

Cash Discount

A reduction in the invoice amount by the seller if the buyer pays their bill within a specified time frame, incentivizing prompt payment.

Retail Customers

Individuals who purchase goods and services for personal use from retailers, as opposed to wholesale customers.

Financing Charge

Interest or fees paid by a borrower for the use of credit or the extension of existing credit.

Interest Revenue

Income earned from investments, loans, or other interest-bearing assets.