First, because the real value of money tends to decline, lenders

First, because the real value of money tends to decline, lenders of money, such as banks，are less willing to lend or are willing to do so only at higher interest rates.
【正确答案】：首先，因为货币的实际价值往往会下降，借款人（如银行）不太愿意放贷，或者仅愿意以更高的利率放贷。