Multiple Choice
With fixed interest rates,unanticipated deflation hurts ________ because ________.
A) lenders; they get paid back in less valuable dollars
B) lenders; they get paid back in more valuable dollars
C) borrowers; they repay the loan in more valuable dollars
D) borrowers; they repay the loan in less valuable dollars
Correct Answer:
Verified
Correct Answer:
Verified
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