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Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691 Exercise 2
What is the real interest rate paid on a credit card loan bearing 18 percent nominal interest per year, if the rate of inflation is
a. zero
b. 4 percent
c. 8 percent
d. 15 percent
e. 20 percent
a. zero
b. 4 percent
c. 8 percent
d. 15 percent
e. 20 percent
Explanation
Verified
Verified
The real rate of interest can be obtaine...
Economics 12th Edition by William Baumol, Alan S Blinder
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