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Author Question: Luke has lent his friend Mitch some money. However he underestimated the rate of inflation when they ... (Read 41 times)

Brittanyd9008

  • Hero Member
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on: Jun 30, 2018
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

  • Sr. Member
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  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


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