Which of the following will be an effect of inflation?

Economics

JAMB 2025

A. Money lenders will gain
B. Wage earners will gain
C. Borrowers of money will gain
D. Borrowing of money will be restricted

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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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Which of the following will be an effect of inflation?

Correct Answer: Option C

Explanation

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