Ask Question
BusinessBusiness
7 July, 20:07

How does inflation impact my financial wealth

+2
Answers (1)
  1. 7 July, 20:19
    0
    The impact inflation has on the time value of money is that it decreases the value of a dollar over time ... If wages remain the same but inflation causes the prices of goods and services to increase over time, it will take a larger percentage of your income to purchase the same good or service in the future.

    Explanation:

    so if you work the same job at the same rate of pay for 10 years and inflation of goods and services rises, you comparatively make less now than you did 10 years ago.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How does inflation impact my financial wealth ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The Caraway Seed Company grows heirloom tomatoes and sells their seeds. The heirloom tomato plants are preferred by many growers for their superior flavor.
Answers (1)
How old do you have to be to work in a soup kitchen?
Answers (1)
Describe what effect antitrust laws have on the consumer and the producer when these laws break up a monopoly.
Answers (1)
The Overnight Construction Company has just signed a collective bargaining contract in which it agrees that all workers it hires must be union members in good standing at the time they are hired. This provision reflects
Answers (2)
When governments inject money into the economy, which of the following are their goals? Check all that apply. A. reducing unemployment B. improving economic stability C. encouraging competition D. laying off striking workers E. improving production
Answers (2)
New Questions in Business
In the long run a company that produces and sells popcorn incurs total costs of $1,050 when output is 90 canisters and $1,200 when output is 120 canisters. The popcorn company exhibits
Answers (1)
Although not mandatory, career advisors almost all agree that an objective is extremely important to include on a resume. True or False
Answers (2)
Of the 6.25 billion people in the world, 310 million live in North America. What percent of the world's population lives in North America?
Answers (1)
A blank blank is the maximum amount able to be borrowed on a credit card.
Answers (1)
Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable.
Answers (1)
Home » Business » How does inflation impact my financial wealth
Sign Up Forgot Password?