Borrower benefits from inflation? - General Economics & Indian Economy
Q. Which of the following benefits from inflation? - Published on 06 May 15a. Lender
b. Borrower
c. Both
d. None
ANSWER: Borrower
Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. Inflation redistributes wealth from creditors to debtors so borrower gets benefits from inflation