Economics B A-Level
Savings and borrowing
What Savings and borrowing means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Savings and borrowing
Check what you remember
Read the wording for your board, then hide it and explain Savings and borrowing in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Inflation redistributes wealth between savers and borrowers, as savers lose out while borrowers benefit from the falling real value of their debt.
Topics that use Savings and borrowing
- Inflation (Pearson Edexcel A-Level)
Related terms
- Business uncertainty
- Cost-push inflation
- Deflation
- Demand-pull inflation
- Disinflation
- Inflation
- Investment
- Nominal values
Using Savings and borrowing in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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