The rate of inflation in zimbabwe rose in 2018 from 10. 6% to 577. 21% in 2020. What was the positive effect of this unexpected inflation on the residents of the country?.

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21-10-2022
Business

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The rate of inflation in zimbabwe rose in 2018 from 10. 6% to 577. 21% in 2020. What was the positive effect of this unexpected inflation on the residents of the country?.

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shardiksh890 shardiksh890 · Answer 1 · 2022-10-29T05:02:01-04:00

Borrowers benefit from unexpected inflation since the money they pay back is less valuable than the money they loaned.

Inflation decreases the purchasing power of money. As a result, if the borrower pays an interest rate that is lower than the inflation rate, he profits. This happens because the real value of the money returned by the borrower is less than the value of the money borrowed. If a company's profits increase due to inflation, it can pay out dividends to its shareholders. As a result, during inflationary periods, shareholders' dividend income may increase.

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