Nancy took out a loan of50,000 with nominal interest of $5,000. during the period of the loan, the country encountered an unforeseen inflation rate of 11%. did nancy and the lender lose any money?
a. nancy lost money but the lender did not lose money
b. the lender lost money, but nancy did not lose money
c. both nancy and the lender lost money
d. both nancy and the lender did not lose money
e. none of the above

B, the lender lost money, but Nancy did not.

Urban growth invariably feeds increased commercialization and industrialization. it requires continually expanding land areas. when urbanization rates are high, and countries do not have the institutional and managerial capacities or economic wherewithal to manage such rapid growths, they exert intense pressure on the types and nature of the resulting settlements. they contribute to the development of overcrowded slums and shanty towns without adequate essential services and necessary infrastructure.-by asit k. biswas and cecilia tortajada