Fill in the blanks: If inflation is _____________ your savings account interest rate then you will be ______________ purchasing power.

Question

Responses

Higher than, gaining
Higher than, gaining

Higher than, losing
Higher than, losing

Equal to, gaining
Equal to, gaining

Lower than, losing

Answer 1

If inflation is higher than your savings account interest rate then you will be losing purchasing power.

So the correct response is:

Higher than, losing