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marktrick marktrick
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5 years ago
Assume you save $1,000 in a bank account that pays 8 percent interest per year and the inflation rate is 3 percent. At the end of the year you have earned
A) a nominal return of $50.
B) a negative real return.
C) a real return of $50.
D) a real return of $80.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
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lunaamlunaam
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5 years ago
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marktrick Author
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5 years ago
Thanks
julymontalvo
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You make an excellent tutor!
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This calls for a celebration Person Raising Both Hands in Celebration
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