If you have a mortgage on your house at 6 percent and the inflation rate when the mortgage was acquired was 3 percent but has since increased and is now 8 percent per year;the current real interest rate is
A) 14 percent per year.
B) 6 percent per year.
C) 0 percent per year.
D) -2 percent per year.
E) 8 percent per year.
Correct Answer:
Verified
Q213: Chloe has a $15,000 personal loan at
Q214: Q215: The real interest rate equals the Q216: If the inflation rate is greater than Q217: The real interest rate equals the
A)nominal interest
A)nominal interest
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