If You Believe That the Inflation Rate Is Likely to Be

question 156

Multiple Choice

If you believe that the inflation rate is likely to be high over the next ten years,you would want to

• A) have a pension with raises indexed to the CPI if you were going to be retiring
• B) obtain a variable rate mortgage
• C) not obtain any fixed rate consumer loans
• D) pay off all of your existing fixed rate loans
• E) be a shareholder of a bank because their profits are going to increase dramatically

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Definitions:

Apology

An expression of regret or sorrow for having done wrong or caused harm, often accompanied by a request for forgiveness.

Relationship Repair

The process of mending or improving a relationship that has experienced conflict, misunderstanding, or estrangement.

Interpersonal Interaction

The exchange of information, feelings, or meaning between two or more people through verbal or non-verbal communication.

Ruminate

The act of deeply thinking or pondering over something for a prolonged period.