The CPI was 120 in 2000 and 132 in 2001.Dorgan borrowed money in 2000 and repaid the loan in 2001.If the nominal interest rate on the loan was 12 percent,then the real interest rate was
A) 2 percent.
B) 10 percent.
C) 12 percent.
D) 22 percent.
Correct Answer:
Verified
Q104: Suppose that over the past year,the real
Q106: In the United States in the late
Q111: Suppose that over the past year,the real
Q117: In the United States,nominal interest rates were
A)high
Q120: Suppose that over the past year,the real
Q205: Which of the following is correct?
A)Nominal and
Q331: The consumer price index was 225 in
Q332: During a certain year, the consumer price
Q351: Maxine deposits $100 in a bank account
Q358: The consumer price index was 225 in
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