Generally speaking, ____ favors borrowers over lenders because as time passes they are able to pay back their debts with currency that is _____ valuable as it was at the time of the loan.
a.Inflation, less
b.Nominal GDP, more
c.Deflation, less
d.Velocity of money, less
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here