If the nominal interest rate is 6% and the inflation rate is 9%, then the real interest rate is
A) -3%.
B) 3%.
C) 6.67%.
D) 15%.
E) 25%.
Correct Answer:
Verified
Q242: What is the difference between the nominal
Q259: Imagine that you borrow $5,000 for one
Q259: If inflation is higher than expected,this helps
Q260: The nominal interest rate equals the real
Q262: When actual inflation is less than expected
Q263: Which of the following is not an
Q265: Suppose that at the beginning of a
Q266: Which of the following is a cost
Q267: Suppose that in 2019, all prices in
Q268: Which of the following describes a situation
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents