Which of the following is true of the effect high inflation has on savings and spending?(1 point) Responses It increases the overall value of savings in financial institutions if interest rates are less than the rate of inflation. It increases the overall value of savings in financial institutions if interest rates are less than the rate of inflation. It increases the amount of spending in an economy. It increases the amount of spending in an economy. It decreases the overall value of savings in financial institutions if interest rates are less than the rate of inflation. It decreases the overall value of savings in financial institutions if interest rates are less than the rate of inflation. It has no impact on the overall value of savings.
