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Satsume Satsume
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6 years ago
If an individual has $10,000 in a savings account paying 3% and the inflation rate is 2%, the nominal interest rate is
A) 3% and the real rate is 5%.
B) 5% and the real rate is 7%.
C) 5% and the real rate is 3%.
D) 3% and the real rate is 1%.
E) 5%.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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oracledarrenoracledarren
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#1
Posts: 455
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6 years ago
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Satsume Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
nicolepope23
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This site is awesome
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