JAMB Economics 2017 Objective — Question 6

Question 6 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2017 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.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2017 Objective More Economics past papers