Inflation: Who Gains? Who is Hurt?

Write Gains or Hurts for each statement when it comes to the unexpected inflation.
Ethel receives $500 a month from her retirement pension.

Andrea signs a 3 - year lease on her apartment.

A bank that decided to extend their fixed-rate loans.

1st National Bank loans $20 million for home mortgages at a fixed rate.

Farmer Joe buys new tractors with a 10-year, fixed-rate loan.

The U. S. government has a debt of $10 billion.

You place your graduation money in a fixed-rate savings account.

Dak has saved money for college for 10 years by keeping cash under his mattress.