Question
Real rates. Determine the nominal rates for the three countries listed if they have the following inflation rates and the real rate the world over
Real rates.Determine the nominal rates for the three countries listed if they have the following inflation rates and the real rate the world over is 0.88%:
| Canada: Inflation is 5.77%. Switzerland: Inflation is 0.77%. United States: Inflation is 3.77%. |
|
According to the International Fisher effect, what is the approximate nominal rate in Canada?
(Round to two decimal places.)
According to the International Fisher effect, what is the approximate nominal rate in Switzerland?
(Round to two decimal places.)
According to the International Fisher effect, what is the approximate nominal rate in the United States?
(Round to two decimal places.)
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Teaching Public Budgeting And Finance
Authors: Meagan M. Jordan, Bruce D. McDonald III
1st Edition
1032146680, 978-1032146683
