asked 136k views
4 votes
A payment is said to be ________________ if it is automatically adjusted for inflation. cross referenced indexed matched maintained

1 Answer

4 votes
The payment is said to be indexed. Indexing a payment means that the income payments are adjusted by a price index. This is to maintain the purchasing power of the public when inflation hits. This is a type of monetary correction.
answered
User Duber
by
8.2k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.