Nancy took out a loan of50,000 with nominal interest of $5,000. During the period of the loan, the country encountered an unforeseen inflation rate of 11%. Did Nancy and the lender lose any money?
A. Nancy lost money but the lender did not lose money
B. The lender lost money, but Nancy did not lose money
C. Both Nancy and the lender lost money
D. Both Nancy and the lender did not lose money
E. None of the above
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Nancy took out a loan of50,000 with nominal interest of $5,000. During the period of the loan, the country encountered an unforeseen ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How do you think the Congo Rivers rapids and waterfalls affected the economy of the region
Answers (1)
Southerners argued that slave labor was superior because slaves worked in many industrial areas. slaves actually enjoyed being property. slaves and slaveholders depended on one another. manumission brought shame to freed slaves.
Answers (1)
Mary sits in the very back of her high school classroom behind the largest boy in her class, but every time she looks up, she feels like the teacher is focusing everything on her no matter how hard she tries to draw attention away from herself.
Answers (1)
Compare and contrast egyptian and nubian society. why is there so much more known about egypt? come up with at least five good reasons.
Answers (1)
Which event would be placed earliest on a timeline about the leadership of Rome?
Answers (1)
New Questions in Social Studies
What kind of government was ruled by all citizens?
Answers (1)
Pronunciation: Words from Unit 1 Put these words in the correct column. optimistic relationship impatient acquaintance physical objective superficial nickname knowledgeable open-minded matchmaking impolite First syllable stressed Second syllable
Answers (1)
The daily pattern of juvenile violent crime indicates: A. increased crime on school days B. afterschool programs have had less impact on crime than curfews C. little variation in crime between school and nonschool days D.
Answers (2)
In Western cultures, women with gray hair are often described as being "over the hill" while men with gray hair are referred to as "distinguished." The reality that women are judged more harshly than men relative to appearance is referred to as a:
Answers (1)
The best example of a biological predisposition to learning is which of the following? After Ted got sick from eating sushi from the deli, he became nauseous whenever he thought of eating sushi.
Answers (1)