Gina Loans George $1,000

question 93

Multiple Choice

Gina loans George $1,000. George agrees to pay her $1,100 next year. They both expect an inflation rate of 4 percent. At the end of the year, the inflation rate turns out to be only 3 percent. This unexpected change is

• A) good for George but bad for Gina.
• B) good for both George and Gina.
• C) bad for both Gina and George.
• D) good for Gina but bad for George.
• E) irrelevant, a deal is a deal.

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Definitions:

Assistant Manager

A position immediately below the manager, responsible for carrying out various managerial tasks and ensuring the smooth operation of a department or business unit.

Sales Target

A specified amount of sales that a company or individual aims to achieve within a particular time frame.

Motivated

The condition of having a drive or willingness to act or work towards a goal, often driven by needs, desires, and rewards.

Daily Target

is a specific goal or objective set to be achieved within a single business day.