Which One of the Following Would Benefit Financially from Unanticipated

question 224

Multiple Choice

Which one of the following would benefit financially from unanticipated inflation?

• A) a borrower whose loan has a fixed nominal interest rate
• B) a borrower with an adjustable rate mortgage
• C) a bank that has made loans at a fixed nominal interest rate
• D) a firm whose workers are covered by a COLA agreement

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Definitions:

U.S. Military

The armed forces of the United States, responsible for defending the country against threats and providing military support to national policies.

1941

A significant year marking the United States' entry into World War II following the attack on Pearl Harbor by Japan.

March on Washington

A significant civil rights rally that took place in Washington, D.C., in 1963, where Martin Luther King Jr. delivered his famous "I Have a Dream" speech.

White Supremacy

An ideology based on the belief that white people are superior to those of all other races, especially the black race, and should therefore dominate society.