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Macroeconomics 13th Edition by William Baumol ,Alan Blinder
Edition 13ISBN: 978-1305280601Macroeconomics 13th Edition by William Baumol ,Alan Blinder
Edition 13ISBN: 978-1305280601 Exercise 7
What is the real interest rate paid on a credit card loan bearing 12 percent nominal interest per year, if the rate of inflation is
a. zero
b. 4 percent
c. 8 percent
d. 15 percent
a. zero
b. 4 percent
c. 8 percent
d. 15 percent
Explanation
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Macroeconomics 13th Edition by William Baumol ,Alan Blinder
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