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Business, 24.04.2020 20:45 corrineikerd

Assume that Sara gets a fixed-rate loan from a bank when the expected inflation rate is 3 percent. If the actual inflation rate turns out to be 4 percent, who benefits from the unexpected inflation: Sara, the bank, neither, or both? Explain

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Assume that Sara gets a fixed-rate loan from a bank when the expected inflation rate is 3 percent. I...
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