If the CPI is 170 at the beginning of the year and 181 at the end,and a bank is paying a nominal interest rate of 6 percent,we see that
A) the real interest rate is negative.
B) the interest nominal rate is negative.
C) the real interest rate is positive and is less than 1 percent.
D) the real interest rate is positive and is larger than 1 percent.
E) the real interest rate is equal to zero.
Correct Answer:
Verified
Q202: Citicorp charges an 11 percent interest rate
Q203: The real interest rate is negative if
Q204: Which of the following is true?
A)The real
Q205: Q206: If the nominal interest rate is greater Q208: To convert the nominal interest rate to Q209: If the bank returns $1,060 on the Q210: If the real interest rate is 7
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