Author Question: Luke has lent his friend Mitch some money. However he underestimated the rate of inflation when they ... (Read 104 times)

Brittanyd9008

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Luke has lent his friend Mitch some money. However he underestimated the rate of inflation when they agreed to a repayment and interest schedule. Mitch will benefit from the inflation.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Under both the gold standard and the gold exchange standard countries bought and sold U.S. dollars to maintain a fixed exchange rate with the dollar.
 a. True
  b. False
  Indicate whether the statement is true or false



mjbamaung

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Answer to Question 1

True

Answer to Question 2

False



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