Which of the following will be an effect of inflation?
A.
Money lenders will gain
B.
Wage earners will gain
C.
Borrowers of money will gain
D.
Borrowing of money will be restricted
Correct Answer: Option C
Explanation
Inflation is a situation where money will be able to to buy fewer goods than it was able to do so as the value of money comes
down. People who have to repay their large debts will benefit from inflation.
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