Zimbabwe central bank hikes interest rate to 50 percent In an attempt to lower inflation, the Reserve
Question:
Zimbabwe central bank hikes interest rate to 50 percent In an attempt to lower inflation, the Reserve Bank of Zimbabwe has raised its interest rate to 50 percent a year. Steve H. Hanke, an economics professor at Johns Hopkins University estimates Zimbabwe's inflation rate is 570 percent per year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
To achieve a positive real i...View the full answer
Answered By
Ayush Mishra
I am a certified online tutor, with more than 3 years of experience in online tutoring. My tutoring subjects include: Physics, Mathematics and Mechanical engineering. I have also been awarded as best tutor for year 2019 in my previous organisation. Being a Mechanical Engineer, I love to tell the application of the concepts of science and mathematics in the real world. This help students to develop interest and makes learning fun and easy. This in turn, automatically improves their grades in the subject. I teach students to get prepared for college entry level exam. I also use to teach undergraduate students and guide them through their career aim.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Zimbabwe central bank hikes interest rate to 50 percent In an attempt to lower inflation, the Reserve Bank of Zimbabwe has raised its interest rate to 50 percent a year. Steve H. Hanke, an economics...
-
A medical researcher at Johns Hopkins University obtains a numbered list of all patients waiting for a heart transplant, then uses a computer to select the patients corresponding to the 50 numbers...
-
For several years, a professor at Johns Hopkins University had been using the following grading scheme for his final exam: He would give an A to the student with the highest score. The grades of the...
-
Let n=102 +r, where , re N, 0r9. A number a is chosen at random from the set {1, 2, 3, ..., n} and let pn denote the probability that (a 1) is divisible by 10. 70. If r = 0, then npn equals (a) 22...
-
Brescoll and Uhlmann (2008) investigated the hypothesis that when an observer views a videotape of a male expressing anger as opposed to sadness, the male in the anger condition isaccorded higher...
-
Identify five benefits of the successive versions of the Violence Against Women Act.
-
Compute dividend yield and explain its use in analysis. (p. 461) AppendixLO1
-
The following note accompanied recent financial statements for Goodyear Tire and Rubber Company: We are a defendant in numerous lawsuits alleging various asbestos-related personal injuries purported...
-
20. A stock is expected to pay a dividend of $2.50 at the end of the year (i.e., D1 = $2.50), and it should continue to grow at a constant rate of 7% a year. If its required return is 14%, what is...
-
Your friend Elise comes to you looking for help. You know that she is talented at producing videos and has recently started her own company to make videos for local restaurants and entertainment...
-
Use the following list of events, which occur in the United States one at a time, to work Problems. Dell introduces a new supercomputer that everyone can afford. A major hurricane hits Florida. ...
-
A news report says that falling oil prices pushed the CPI down 0.1 percent in a month in which energy prices fell 2.4 percent and the price of gasoline fell by 3.9 percent. By what percentage did the...
-
In 2015, Usher Sports Shop had cash flows from investing activities of -$4,364,000 and cash flows from financing activities of -$5,880,000. The balance in the firms cash account was $1,615,000 at the...
-
A 10 mm thick steel plate with dimensions of 10 x 10 cm and a density of 7.85 g/cm was submerged in seawater for a period of 1 year. During this period the weight of the plate reduced by 20 grams. Kw...
-
Consider the function f(x1,x2) = x 5x1x2 + 6x at the point x = (0, 2) and search direction p = (1, 1). 1. Write down the first-order Taylor approximation to f(x + ap), where a is the step size. 2....
-
Nike Company has hired a consultant to propose a way to increase the company\'s revenues. The consultant has evaluated two mutually exclusive projects with the following information provided for...
-
What are the most effective way to manage routine and catastrophic disasters, and are they different?
-
The Wall Street Journal reported that of taxpayers with adjusted gross incomes between and itemized deductions on their federal income tax return. The mean amount of deductions for this population of...
-
Each of the digits 0, 1, 2, 3, 4, 5, 6, 7, 8, 9 is written on a piece of paper and all the pieces of paper are placed in a hat. One number is selected at random. Determine the probability that the...
-
One Way Cellular accountants have assembled the following data for the year ended September 30, 2014: Prepare the operating activities section using the indirect method for One Way Cellulars...
-
Figure 8.5 illustrates the market for chocolate bars. If a new tax of $1.50 a chocolate bar is imposed, what is the change in the quantity of chocolate bars bought, who pays most of the tax, and what...
-
What is the market price of Internet service? If the government taxes Internet service $15 a month, what price would the buyer of Internet service pay? What price would the seller of Internet service...
-
What is the market price of Internet service? If the government taxes Internet service $15 a month, what price would the buyer of Internet service pay? What price would the seller of Internet service...
-
The following is part of the computer output from a regression of monthly returns on Waterworks stock against the S&P 5 0 0 index. A hedge fund manager believes that Waterworks is underpriced, with...
-
Doisneau 25-year bonds have an annual coupon interest of 8 percent, make interest payments on a semiannual basis, and have a $1,000 par value. If the bonds are trading with a market's required yield...
-
Hite corporation intends to issue $160,000 of 5% convertible bonds with a conversion price of $40 per share. The company has 40,000 shares of common stock outstanding and expects to earn $600,000...
Study smarter with the SolutionInn App