WAEC Economics 2017 Objective — Question 33
Question 33 of 50 from the West African Examinations Council (WAEC) Economics 2017 Objective paper, with the correct answer and a full explanation.
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Which of the following is most likely to be of benefit to a debtor?
- A. A. InflationCorrect
- B. B. Deflation
- C. C. Revaluation
- D. D. Monetization
Explanation
Inflation is beneficial to the debtor because he will be paying back what is worth less than he receives.
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