Questions

Creditors and debtors:

During inflation creditors lose because they receive in effect less in goods and services than if they had received the repayments during a period of low prices. Debtors, on other hand, as a group gain during inflation, since they repay their debts in currency that has lost its value.The aggregate volume of internal trade tends to increase during inflation due to higher incomes, greater production and larger spending. But the export trade is likely to suffer on account of arise in the prices of domestic goods.

The same currency unit will now buy less goods and services.But the bondholders lose as they get a fixed interest the real value of which has already fallen.

By default, a real number is treated as a float variable.

The ASEAN Headquarters is located in Jakarta, Indonesia.

ASEAN is The Association of Southeast Asian Nations is a group of ten Southeast Asian countries. It was formed on 8th August 1967. The 10 countries in ASEAN are Indonesia, Malaysia, Philippines, Singapore, Brunei, Myanmar, Cambodia, Laos, Vietnam and Thailand.

Its main purpose include the acceleration of economic growth, social progress, cultural development among its members, the protection of the peace and stability of the region, and to provide opportunities for member countries to discuss differences peacefully.