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ale4655 [162]
3 years ago
9

Given a fixed nominal interest rate on a loan, unanticipated deflation:

Business
1 answer:
jolli1 [7]3 years ago
6 0

Deflation means that your money has more buying power, thus it decreases the burden of paying off your loan because (in theory) you would have more money available to pay your loan since other prices have gone down.

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