Question
If your bank pays you an interest rate of 6% and the inflation rate is 2%, then your real rate of return is 8%. Explain?
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Nominal Interest Rate The interest rate paid by the bank is 6 This is the rate at which your money g...Get Instant Access to Expert-Tailored Solutions
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Business research methods
Authors: William G Zikmund, Barry J. Babin, Jon C. Carr, Mitch Griff
8th Edition
978-032432062, 0324320620, 1439080674, 978-1439080672
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