My minds going blank at the moment.
the question is below. Was going to talk about inflation and value of money changing over the year but the question mentions how inflation stays the same, cant really think of anything else. Google has been useless at the moment.
Thank you in advance,
(part of uni work)
(Your friend has borrowed from you £500 which he promises to give back after one year. Suppose there is no inflation, will the value of the £500 repayment still be the same with what you have lent to him? )