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?

ANancy lost money but the lender did not lose money

BThe lender lost money, but Nancy did not lose money

CBoth Nancy and the lender lost money

DBoth Nancy and the lender did not lose money

ENone of the above