Multiple Choice
The CPI was 220 in 2012 and 231 in 2013.Phil borrowed money in 2012 and repaid the loan in 2013.If the nominal interest rate on the loan was 10 percent,then the real interest rate was
A) -5 percent.
B) -1 percent.
C) 5 percent.
D) 3.2 percent.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: In the United States,real interest rates were<br>A)high
Q12: When ranking movies by nominal box office
Q13: Which of the following is not correct?<br>A)The
Q14: When looking at a graph of nominal
Q15: If the nominal interest rate is 8
Q16: Babe Ruth's 1931 salary was $80,000.Government statistics
Q18: Which of the following statements about real
Q19: Scenario 24-1<br>The price tag on a tennis
Q21: Consternation Corporation has an agreement with its
Q22: Pauline is offered a Job in Minneapolis