If a government which owned a company N10,000 in 19196 paid the debt fully in
ECONOMICS
WAEC 1998
If a government which owned a company N10,000 in 19196 paid the debt fully in 1985 when the value of money has depreciated by 20 Percent , such a government had
- A. lost
- B. been placed at par with the company
- C. gained
- D. stabilizing the value of money
Correct Answer: C. gained
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