Suppose a credit company would like to lend money at a 3% rate of interest, but there

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Suppose a credit company would like to lend money at a 3% rate of interest, but there is an inflation rate of 10%. What rate would they charge and why?

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Air Transport Economics

ISBN: 9781032482538

4th Edition

Authors: Bijan Vasigh, Brian Pearce

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Question Posted: Feb 02, 2024 02:05 AM

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Suppose a credit company would like to lend money at a 3% rate of interest, but there

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The interest rate that a bank charges on a loan usually takes into consideration multiple factors These include the cost of funds to the bank which in ...View the full answer

Air Transport Economics

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