What Should Consumers Do During a Time of Inflation

question 24

Multiple Choice

What should consumers do during a time of inflation?

• A)spend more money
• B)make better economical purchases
• C)stop shopping
• D)buy products in smaller quantities

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Definitions:

Loans

Money that is borrowed, often from a bank, that is expected to be paid back with interest.

Probability

An assessment of the chance that an event will take place.

Coin

A flat, typically round piece of metal with an official stamp, used as money or in games.

99.7%

Represents the percentage of data that falls within three standard deviations of the mean in a normal distribution, according to the empirical rule.