Suppose banks decided to charge a 17% interest rate, assuming an expected inflation rate of 5%. However,

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Suppose banks decided to charge a 17% interest rate, assuming an expected inflation rate of 5%. However, they ended up charging an interest rate of 14%, with a real interest rate of 7%. Which of the following statements holds true for the given scenario? (1 point) Banks benefited, due to an unanticipated inflation of 2%. Banks benefited, due to an unanticipated inflation of 9%. Banks benefited, due to an unanticipated inflation of 12%. Banks faced losses, due to an unanticipated inflation of

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Suppose banks decided to charge a 17% interest rate, assuming an expected inflation rate of 5%. However,

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