Which of the following would most benefit economically from inflation?
a. Creditors
b. Debtors
c. Individuals with fixed incomes
d. Depositors with savings accounts
Answer: b. Debtors
Business
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Trusts include all but which one of the following?
(a) trustee (b) grantor (c) government overseer (d) beneficiary
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Interest Expense is:
A) a cost of borrowing money. B) included in the "Other Expenses" on the income statement. C) has a normal debit balance. D) All of the above are correct.
Business