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What is a common effect of high inflation on savings? (2023)

Practice Questions

1 question
Q1
What is a common effect of high inflation on savings? (2023)
  1. Increases savings
  2. Decreases savings
  3. No effect
  4. Encourages investment

Questions & Step-by-step Solutions

1 item
Q
Q: What is a common effect of high inflation on savings? (2023)
Solution: High inflation typically decreases the real value of savings, discouraging saving behavior.
Steps: 0

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