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Business, 02.03.2020 19:01 kyleryoung0602

Assume that Zac gets a fixed-rate loan from a bank when the expected inflation rate is 4 percent. If the actual inflation rate turns out to be 2 percent, who benefits from this: Zac, the bank, neither, or both? Explain.

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Assume that Zac gets a fixed-rate loan from a bank when the expected inflation rate is 4 percent. If...
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