INFLATION MAKES a). FUTURE RUPEES MORE VALUABLE than PRESENT RUPEES B). FUTURE RUPEES LESS VALUABLE than PRESENT RUPEES C) NONE of THESE D) future RUPEES EQUAL TO PRESENT RUPEES?
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Inflation makes future rupees less valuable than present rupees.
- Inflation is defined as the decrease in the purchasing power of a given currency over time.
- An economy faces a rate of inflation every year. The current rate of inflation in India as of November 2021 is 4.91%.
- The rate of inflation means the rate at which the value of your currency decreases.
The answer is(b) Future rupees less valuable than present rupees.
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