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Introduction to Financial Planning

When we were ...

Question

When we were children, we used to get an ice cream at ₹10. Now the same ice cream costs ₹20. This phenomenon can be related to:

A

Finance

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B

Demonetisation

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C

Inflation

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D

economic planning

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Solution

The correct option is C Inflation
Inflation is the general increase in prices of goods and commodities and a decrease in the purchasing power of money over time.

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