If the money interest rate is 7 percent and the inflationary premium 4 percent, the real interest rate is
a. -3 percent.
b. 3 percent.
c. 4 percent.
d. 7 percent.
B
Economics
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A game in which the players explicitly coordinate their decisions to make themselves better off is a
A) cooperative game. B) noncooperative game. C) zero-sum game. D) negative-sum game.
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Liquidity refers to the
a. rapidity with which money flows through the economy. b. ease with which an asset can be converted into cash. c. ease with which banks move funds from checking to savings accounts. d. All of the above are correct.
Economics