Test: CPA Business Environment and Concepts (BEC)

1.

Which of the following individuals would be most hurt by an unanticipated increase in inflation?

A borrower whose debt has a fixed interest rate

A saver whose savings was placed in a variable rate savings account

A union worker whose contract includes a provision for regular cost of living adjustments

A retiree living on a fixed income

1/5 questions

0%
Learning Tools by Varsity Tutors