Who Is Least Likely to Be Hurt by Unanticipated Inflation

question 93

Multiple Choice

Who is least likely to be hurt by unanticipated inflation?

• A)a disabled laborer who is living off accumulated savings
• B)an owner of a small business
• C)a secretary
• D)a pensioned steelworker

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Definitions:

CRA

The Canada Revenue Agency (CRA) is a governmental agency that administers tax laws for the Canadian federal government and for most provinces and territories.

Financing Decision

The decision-making process regarding the best way to acquire necessary funds to invest in long-term assets.

Investment Decision

The process of evaluating and selecting from among available investment opportunities, considering financial resources and risk tolerance.

Lease-Purchase Analysis

A financial evaluation method to determine the financial advantage between leasing and purchasing an asset.