Question: Back to Assignment Attempts Keep the Highest no score out of 1 / 1 7 . Identifying costs of inflation Musashi manages a grocery store
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Attempts Keep the Highest no score out of
Identifying costs of inflation
Musashi manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash. On payday, he immediately goes out and buys as many goods as he can for himself for the next two weeks in order to prevent the money in his wallet from losing value. What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the costs of inflation.
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