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valputin valputin
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8 years ago
The nominal interest rate minus the expected rate of inflation
A) is a less accurate indicator of the tightness of credit market conditions than is the nominal interest rate.
B) defines the real interest rate.
C) defines the discount rate.
D) is a less accurate measure of the incentives to borrow and lend than is the nominal interest rate.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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8 years ago
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valputin Author
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#2
8 years ago
Correct
Our course uses > The Economics of Money, Banking and Financial Markets
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#3
8 years ago
@valputin,

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