Question
Please play the game Interest rates and inflation on Moblab. . Once you have played the game, address the following questions in complete detail giving
Please play the game Interest rates and inflation on Moblab.. Once you have played the game, address the following questions in complete detail giving a long explanation
1) How did you do in the game?
2) How did you decide on the level of interest to pay/charge? (Be sure to indicate if your method changed over the course of the game)
3) In the real world inflation is not known in advance. If you were making a loan how would you consider the effects of inflation when determining the interest rate?
includ at least two references from the game
REFER TO EACH QUESTION BASED ON YOUR RESULTS IN THE GAME!!
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