The borrower still owes the same amount of money but now


Borrowers and lenders. Inflation can benefit the lender or the borrow depending on the situation. If wages increase with the inflation and the borrower already owed money beforehand. It benefits the borrower. The borrower still owes the same amount of money, but now they have more money in there paycheck to pay off the debt faster. 

Please assist with response to discussion comment?

Solution Preview :

Prepared by a verified Expert
Business Management: The borrower still owes the same amount of money but now
Reference No:- TGS02621188

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)