Which of the Following Groups Would Benefit Most in Real

Multiple Choice

Which of the following groups would benefit most in real terms from a period of high and unanticipated inflation,as was experienced in Canada in the early 1970s?

A) mortgage companies and banks who issued fixed-rate mortgages to clients
B) banks with outstanding loans to their customers
C) seniors whose income is largely interest earnings on past savings
D) firms that maintain large cash balances for the operation of their business
E) homeowners who had long-term fixed-rate mortgages