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Answered

  1. Elderly on a fixed income
  2. Renters who live in a rent controlled apartment
  3. People who are paying on a loan with adjustable interest rates
  4. Banks who are collecting on loans with adjustable interest rates

Who is harmed the MOST during periods of unexpected inflation?

A1
B1 and 3
C1, 2, and 3
D2 and 4

Verified Answer :

lr1265

The people harmed the most during periods of unexpected inflation are elderly persons who live on a fixed income and people who are paying on a loan with adjustable interest rates. So 1 and 3 are the correct choices.

NewJack931

Yes the correct answer was

B) 1 and 3      

Thanks

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