samdoesmath9826 samdoesmath9826
  • 24-01-2022
  • Business
contestada

The nominal interest rate is 6 percent and the inflation rate is 3 percent. What is the real interest rate

Respuesta :

vortexdevity
vortexdevity vortexdevity
  • 24-01-2022

Answer:

3%

Explanation:

real interest rate ≈ nomial interest rate - inflation

ratereal interest rate ≈ 6 - 3 ≈ 3%

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