【单选题】Any lender about to make a loan wishes to know the real rate of interest; i. e. , the contractual rate of interest less the rate of inflation. But what rate of inflation to use, past or expected? Past...
A.
Since the contractual interest is future income to a prospective lender, it is more appropriate to adjust that income in terms of inflation expected for the future.
B.
Since estimating the rate of expected inflation presupposes careful economic analysis, lenders might derive coincidental benefits from doing such an estimate.
C.
The rate of expected inflation will differ little from the rate of past inflation when inflation is steady.
D.
No official rate of past inflation is computed for any period shorter than a month.
E.
The official rate of past inflation is a figure that depends on what commodities, in what proportions, determine the official price index.