who benefits the most during periods of unexpected inflation?\na elderly on fixed incomes\nb renters who…

who benefits the most during periods of unexpected inflation?\na elderly on fixed incomes\nb renters who live in a rent controlled apartment.\nc banks who are collecting on loans with fixed interest rates\nd banks who are collecting on loans with adjustable interest rates\ne credit unions who are collecting on loans with fixed interest rates

who benefits the most during periods of unexpected inflation?\na elderly on fixed incomes\nb renters who live in a rent controlled apartment.\nc banks who are collecting on loans with fixed interest rates\nd banks who are collecting on loans with adjustable interest rates\ne credit unions who are collecting on loans with fixed interest rates

Answer

Brief Explanations:

During unexpected inflation, the value of money decreases over time. Rent - controlled renters pay a fixed amount of rent that does not increase immediately with inflation. Elderly on fixed incomes see the real - value of their income decline. Banks and credit unions with fixed - rate loans receive payments that are worth less in real terms. Banks with adjustable - rate loans can adjust rates to keep up with inflation. Rent - controlled renters benefit as their housing cost remains relatively stable while the general price level rises.

Answer:

B. renters who live in a rent controlled apartment.