If your bank pays you an interest rate of 6% and the inflation rate is 2%, then

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If your bank pays you an interest rate of 6% and the inflation rate is 2%, then your real rate of return is 8%. Explain?

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Business research methods

ISBN: 978-1439080672

8th Edition

Authors: William G Zikmund, Barry J. Babin, Jon C. Carr, Mitch Griff

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Posted Date: Jan 29, 2024 08:00 AM

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If your bank pays you an interest rate of 6% and the inflation rate is 2%, then

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Nominal Interest Rate The interest rate paid by the bank is 6 This is the rate at which your money g... View the full answer

Business research methods

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