If the real interest rate is 7.5% and the rate of inflation is 3%, what is the nominal interest rate?
A. 4.50%
B. 4.57%
C. 10.50%
D. 10.73%
D. 10.73%
Economics
You might also like to view...
It takes more money to purchase the same amount of goods when prices _____. Therefore, the value of your money has ____
Fill in the blank(s) with correct word
Economics
The nominal rate of interest = _____ + _____.
Fill in the blank(s) with the appropriate word(s).
Economics
Studies of real world markets suggest that prices and the number of firms of comparable size in a market are:
A. positively related. B. negatively or inversely related. C. not related. D. sometimes negatively or inversely related, but usually positively related.
Economics
Explain several implications and characteristics of efficiency wage theories
What will be an ideal response?
Economics