Which of the Following Individuals Would Be Most Negatively Affected

question 135

Multiple Choice

Which of the following individuals would be most negatively affected by anticipated inflation?

• A)a retired railroad engineer who receives a fixed income payment every month
• B)a union contractor whose pay is adjusted based on changes in the CPI
• C)a full-time employee at a pizza parlour who makes more than the minimum wage
• D)a student who borrows $10,000 at a nominal interest rate of 5% to finance educational expenses
• E)a financial manager who gets paid a percentage of the money they manage

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Product

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Waiver Of Warranty Rights

An agreement to relinquish one's legal rights to hold a seller accountable for defects in goods or property.

Statute Of Limitations

is a law prescribing the time limit within which legal action must be commenced for alleged breaches of law or rights.