Christina Michael
The definition of inflation is the unexpectedly increase of all prices to the market and ends up by decreasing constantly the value of money. For instance, 2019 the price of a yogurt was $3 and in 2020 was increased by $1.50 in addition to the price, so it became into $4.50. The impact of this action has a dual effect to the market by decreasing the number of the products we used to purchase. The question is how to protect myself from inflation? The answer is simple. To invest your money to a bank account which is way better from keeping it to your pocket. At the end of the day you earned an additional interest to your investments and acquire an extra profit afterwards.
Feb 4, 2022 10:50 PM
Corrections · 3
The definition of inflation is the unexpected increase of all prices to the market and ends up by decreasing constantly the value of money. For instance, 2019 the price of yogurt was $3 and in 2020 was increased by $1.50 in addition to the price, so it became $4.50. The impact of this action has a dual effect on the market by decreasing the number of the products we used to purchase. The question is how to protect me from inflation? The answer is simple. To invest your money in a bank account is way better than keeping it in your pocket. At the end of the day, you earned an additional interest in your investments and acquire an extra profit afterward.
Very interesting. Thank you so much for sharing this information. You are doing well with your English Good job 👏!
Feb 4, 2022 11:52 PM
Want to progress faster?
Join this learning community and try out free exercises!