Unanticipated inflation will insure that
A) homeowners with outstanding mortgage balances are hurt.
B) homeowners with outstanding mortgage balances are benefited.
C) creditors gain, debtors lose.
D) none of the above
B
Economics
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If the equilibrium exchange rate is 15 pesos per dollar and the central bank fixes the exchange rate at 17 pesos per dollar then we can conclude that the peso is
(a) appreciated. (b) depreciated. (c) overvalued. (d) undervalued.
Economics
The European Currency Unit (ECU) acted as a means of payment
Indicate whether the statement is true or false
Economics