Luke has lent his friend Mitch some money. However he ...

[Brittanyd9008]

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]

Answer to Question 1

True

Answer to Question 2

False