Answer to Question #66548 in Macroeconomics for oreoluwa o
A.) Calculate the real interest rate that you earned on the deposit. (Enter a numeric value for your answer including the correct sign.)
B.) Based on your calculations above, you ______ in this case.
neither gained nor lost
- bank paid
- inflation rate
The real interest rate is -14,28%
B) Based on your calculations above, you lost in this case.
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!