Question

.EXplain how inflation rate affects savings? by the income and saving required short answer otherwise not...

.EXplain how inflation rate affects savings?
by the income and saving

required short answer otherwise not acceptable its short question

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans. Ans. An Increase in inflation rate would lead to Decrease in Savings because A person would get lesser return on the amount they save. So they'd not be induced to save. And Vice Versa.

Add a comment
Know the answer?
Add Answer to:
.EXplain how inflation rate affects savings? by the income and saving required short answer otherwise not...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT