Correct Answer: Option A

Explanation

Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling.

If wages increase with inflation, and if the borrower already owed money before the inflation occurred, the inflation benefits the borrower. This is because the borrower still owes the same amount of money, but now he or she has more money in his or her paycheck to pay off the debt.

• if 5^(2x)=125 find x? Answer this

  3 Answers   ·   Mathematics   ·   4 days ago
• how does post utme looks like and what are the subjects required for a medical student? Answer this

  2 Answers   ·   2 days ago
• What are the male and female reproductive hormones in animals? Answer this

  4 Answers   ·   Agricultural Science   ·   2 days ago