20041548 20041548

09-10-2019
Mathematics

contestada

I NEED HELP ASAP
what is the real interest rate for an account with nominal interest rate of 1% when the rate of inflation is 1%

-2%
-1%
-0%
-1%
-2%

Respuesta :

musiclover10045 musiclover10045

09-10-2019

To find the real interest rate, subtract the rate of inflation from the nominal interest rate.

Real interest rate = 1% - 1% = 0%

Answer Link

gavman2304 gavman2304

21-12-2020

Answer:

0% is your answer

Step-by-step explanation:

Answer Link

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