If a government which owned a company N10,000 in 1996 paid the debt fully in 1985 when the value of money has depreciated by 20 Percent, such a government had

By: |Published on: Aug 1|Categories: Economics WAEC| 0 comments

A. lost
B. been placed at par with the company
C. gained
D. stabilizing the value of money
E. increased the value of money

Correct Answer:

Option C – gained

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