JAMB Economics 2016 Objective — Question 6

Question 6 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2016 Objective paper, with the correct answer and a full explanation.

Inflationary trends in an economy will negatively affect, majorly

A. debtors
B. creditorsCorrect
C. the business class
D. flexible income earners

Explanation

Creditors are negatively affected by inflation because the value of money drops; debtors actually gain.

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