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The real rate of interest on bank loans and deposits is 2%. In both the UK and the US. Inflation in the US is 6%.
The real rate of interest on bank loans and deposits is 2%. In both the UK and the US. Inflation in the US is 6%.
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To determine the equilibrium inflation rate in the UK we need to consider the relationship between r...
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
