Answer:
Here
Explanation:
In order for your savings and investments to truly increase value, the increase must be faster than the inflation rate. Option C is correct.
What is the Inflation Rate?
It is the rate at which the cost of money is increasing per unit of product or service in a given period of time.
Or simply a percentage increase in the rate of products per year.
For example- If a person invest $100
After a year he gets 12% returns and at the same price of products increased by 12%, then did not get any returns.
Therefore, in order for your savings and investments to truly increase value, the increase must be faster than the inflation rate.
