Which of the Following Individuals Benefits from Inflation

question 58

Multiple Choice

Which of the following individuals benefits from inflation?

• A) Ben, who borrowed $1,000 from a friend and agreed to pay the same amount one year later
• B) Mark, who lent his friend $1,000 and agreed to accept repayment of the same amount one year later
• C) Randall, who lives on a fixed income of $800 per month
• D) Asuza, who keeps her savings in the form of cash in a safe at home

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Definitions:

Standard Sample

A representative segment of a material or component used as a reference point for quality control or calibration.

Average Time

The mean time taken to perform a task or activity, calculated by summing the individual times and dividing by the number of observations.

Standard Time

A set duration assigned for completing a given task, based on average time studies and used for planning and scheduling work.

Revised Activity

An activity or task that has been modified or updated to improve efficiency or effectiveness.