WAEC Economics 2002 Question 34

Question 34

Money and Inflation

Who among the following will benefit from inflation?

  1. A.Pensioners
  2. B.Savers
  3. C.Debtors
  4. D.Creditors
Show the answer and explanation

Answer: C (Debtors)

Explanation

Debtors repay loans with money that has lost value, so they gain.