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Home Q & A Board Other Fields Homework Help Business Economics
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Tidy Tidy
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8 years ago
You borrow $10,000 from a bank for one year at a nominal interest rate of 5%. If inflation over the year is 2%, what is the real interest rate you are paying?
A) 2%
B) 2.5%
C) 3%
D) 5%
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Chimelo46Chimelo46
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#1
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8 years ago
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lro12345

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#2
8 years ago
The textbook reference in your signature really helped me narrow it down.

Happy to help Wink Face
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