Given a Fixed Nominal Interest Rate on a Loan,what Is

question 12

Multiple Choice

Given a fixed nominal interest rate on a loan,what is the result of unanticipated deflation?

• A)It increases the burden of paying off the loan.
• B)It does not alter the burden of paying off the loan.
• C)It has an indeterminate effect on the burden of paying off the loan.
• D)It decreases the burden of paying off the loan.

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Definitions:

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