Economic Awareness - Sectors of Indian Economy
Who among the following benefits the most during inflation when repaying debts?
Who among the following benefits the most during inflation when repaying debts?
easy Q12 of 15
Step-by-Step Solution
Step 1: Understand the effect of inflation on debt repayment
Inflation reduces the real value of money, affecting debt repayments.Step 2: Analyze who benefits
Borrowers repay loans with money that has less purchasing power, thus benefiting during inflation.Final Answer:
Borrowers → Option BQuick Check:
Borrowers = correct ✅
Quick Trick: Remember: Borrowers Benefit, Lenders Lose.
Common Mistakes:
- Mistaking lenders as beneficiaries instead of borrowers.
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