In 1975, interest rates were 7.85% and the rate of inflation was 12.30% in the United States. What was the real interest rate in 1975?
In 1975, interest rates were 7.85% and the rate of inflation was 12.30% in the United States. What was the real interest rate in 1975? How would the purchasing power of your savings have changed over the year?
What was the real interest rate in 1975?
The real rate of interest is __% (Round to two decimal places.)
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Authors: Doris Barrell
15th Edition
1475462077, 978-1475462074
