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.
Sodium carbonate (also known as washing soda or soda ash), Na2CO3 is a sodium salt of carbonic acid.
Scientific name for baking soda?
Sodium bicarbonate or sodium hydrogen carbonate is the chemical compound with the formula NaHCO3. Sodium bicarbonate is a white solid that is crystalline but often appears as a fine powder. Since it has long been known and is widely used, the salt has many related names such as baking soda, bread soda, cooking soda, and bicarbonate of soda.
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