With reference to the advantage(s) of inflation in developing economies, consider the following statements:
a. It favors Foreign Portfolio Investments (FPI) in the market.
b. Inflation can be favorable for economic growth.
c. Inflation will increase the real value of government bonds.
Which of the above statements is/are correct?
1
a and c only
2
b and c only
3
a and b only
4
a, b and c