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Cambridge IGCSE Economics practice

What is one effect of inflation on savers?

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Show answerInflation and deflation revisionRevise the key idea

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MCQ

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cambridge_mcq

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Topic

Inflation and deflation

Exam-style question

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What is one effect of inflation on savers?.

  1. A.Increased savings value
  2. B.Decreased savings value
  3. C.Stable savings value
  4. D.Higher interest rates

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Paper 2 structured question: Inflation and deflation

Paper 2Structured Questions2 marks

Description

Impact of High Inflation

High inflation affects various economic groups differently. Consumers face rising prices, workers demand higher wages, and businesses may struggle with increased costs.

  1. a

    Explain the impact of high inflation on consumers and workers.

    Aim for approximately 2 distinct marking points.

    [2]