Given a Fixed Nominal Interest Rate on a Loan, Unanticipated

question 107

Multiple Choice

Given a fixed nominal interest rate on a loan, unanticipated deflation:

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

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