History, 12.04.2021 19:20 abdirisak33
Which of the following is true if
someone decides to borrow $1000
from a bank at 10% interest during a
time period of 5% inflation?
A. The bank will not give out any loans.
B. The creditor would benefit the most.
C. The debtor will get an interest free loan.
D. Inflation does not affect interest rates.
Answers: 1
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Which of the following is true if
someone decides to borrow $1000
from a bank at 10% interest...
from a bank at 10% interest...
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