The Application Shows That High Inflation Results in Fewer Years

question 45

Multiple Choice

The application shows that high inflation results in fewer years to pay back student loans because:

• A)when inflation is high,the nominal value of the loan increases.
• B)when inflation is high,the nominal value of wages decreases.
• C)when inflation is high,the nominal value of the loan decreases.
• D)when inflation is high,the nominal value of the wages decrease.

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Definitions:

Jhansi

Jhansi is a historic city in the Indian state of Uttar Pradesh, known for its significant role in the 1857 rebellion against British rule.

Lakshmi Bai

Rani Lakshmi Bai was the queen of the Maratha-ruled Jhansi State, known for her role in the Indian Rebellion of 1857 against British rule.

Indian Nationalist Movement

A series of historical efforts by the people of India to achieve political independence from British rule.

British

pertains to anything associated with Great Britain, including its culture, people, or history.