Social Studies
Social Studies, 22.05.2021 03:10, destiniout04231

Which of the following is true if someone decides to borrow $1000 from a bank at 5% interest during a time period of 10% inflation? A. Loans are not given during times of inflation
B. The creditor would offer interest free loans
C. The Debtor would benefit the most
D. Inflation does not affect interest rates

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Answers: 3

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Which of the following is true if someone decides to borrow $1000 from a bank at 5% interest during...

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