In Feb 2018, a foreign forecast that China's
1.6% in 2017 to
ple made their
If the resulting
7. In Feb 2018, a foreign bank forecast the
inflation rate would grow from 1.6% in 2
24% in 2018. Suppose most people made
decisions based on this forecast. If the res
inflation rate was 3%, which of the followi
economic entities would most likely lose?
A. The foreign bank
B. Ann, who has deposited RMB 300,000 into
her fixed deposit account with a Chinese bank
C. Marco, who lives alone in a rental house in
Shanghai at a fixed rent
D. Howard, who owns an inflation-linked bond
Es issued by the Chinese government