Question
Assume that in September 2016, a bank extends a one year loan to a car dealer. The bank hopes to make a real interest rate
Assume that in September 2016, a bank extends a one year loan to a car dealer. The bank hopes to make a real interest rate of 2% and it expects prices to rise 3% over the upcoming year. The bank will charge a nominal interest rate of:
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Technical Change, Relative Prices, And Environmental Resource Evaluation
Authors: V Kerry Smith
1st Edition
1317358570, 9781317358572
