Study Guide be able to do all the PRACTICE items for the topics covered on the quiz REVIEW MATERIAL INTEREST RATES The Real And Nominal Risk-Free Rates (partial coverage of this module) be able to explain: what economists mean when they use the term "real" the opposite of real positive real rate of interest negative real rate of interest the difference between the nominal risk-free rate and the real risk-free rate whether the yield on U.S. Treasury bills represents the nominal risk-free rate, or the real risk-free rate