Who benefits from rising inflation?
A)those who already have fixed-rate loans
B)those considering taking out a loan
C)lenders that already made loans
D)lenders considering whether to make new loans

Question

Quizplus · Accepted Answer

Those who already have fixed-rate loans benefit from rising inflation because the value of their debt decreases over time as the prices of goods and services increase. This means they can pay off their debts with dollars that are worth less than when they took out the loans.

Who Benefits from Rising Inflation