Inflation — a scary word or just an economic term?

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Some questions can have two or more correct answers

Are you ready to test your trading skills and demonstrate to the world how knowledgeable you are about the economic forces that influence the financial markets?

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What is inflation?
A decrease in the average level of prices
An increase in the average level of prices
No change in the average level of prices
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What causes inflation?
An increase in the supply of money
An increase in productivity
A decrease in consumer spending
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How does inflation affect purchasing power?
It increases purchasing power
It decreases purchasing power
It has no effect on purchasing power
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What are the effects of high inflation?
Decreased interest rates
Increased wages
Reduced value of money
Back Result
Result: Financial novice

Key recommendations:

Inflation is when the overall prices of goods and services go up over time. This happens because there is more money circulating in the economy, which reduces the buying power of money.

When inflation is high, it has negative effects like reducing the value of your savings and income. It also makes it hard for businesses to make plans for the future.

You’re doing a great job learning about inflation on the Binomo platform. 

Keep exploring and learning, and soon you’ll become an expert and that also affects your trading!

Result: Master of Economics

Key recommendations:

Well done! 

You have shown a strong grasp of inflation terminology. Your dedication to economics is admirable, and you are well on your way to becoming a vigilant trader.

Rest assured that Binomo is here to serve you. Our platform provides all the necessary tools to safeguard your funds, ensuring a safe and secure trading experience.

Trade on Binomo with confidence and enjoy the thrill of trading!

Result: Economics guru

Key recommendations:

Impressive!

Your knowledge of inflation terminologies is truly remarkable. You have attained a professional level of understanding, enabling you to make informed decisions while analyzing the economic situation.

Continue to excel in your knowledge as you confidently navigate the markets.

With Binomo, trading will be effortless. It is a secure platform that provides all the necessary tools to safeguard your funds. Trade with assurance on Binomo!

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