Suppose the interest rate on your car loan is 5% and interest rate is 2%. Calculate the real interest rate ______.

Fill in the blank(s) with the appropriate word(s).


Answer: 3%

Economics

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Refer to Table 9-11. All of the following are terms of trade that could possibly benefit both countries except

A) 1 hat : 1 clock B) 1 hat : 3/5 of a clock C) 1 hat : 1.5 clocks D) 1 hat : 2.5 clocks

Economics

The financing of investment spending is often made possible by

a. consumer spending. b. money supply creation. c. borrowing. d. tax reductions.

Economics

While the slope of the perfectly inelastic supply curve ________, the slope of the perfectly elastic supply curve ________.

A. is zero; approaches infinity B. approaches infinity; approaches infinity C. is zero; is zero D. approaches infinity; is zero

Economics

U.S. government debt as a percentage of GDP has been:

A. falling steadily since World War II. B. unchanged since World War II. C. increasing steadily since World War II. D. fluctuating since World War II.

Economics