Answered: The rate of interest written on a…

The rate of interest written on a contract between a borrower and a lender is the a. expected interest rate. b. implied interest rate. c. real interest rate. d. nominal interest rate

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 29P: The prime interest rate is the rate that banks charge their best customers. Based on the nominal...

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Question

The rate of interest written on a contract between a borrower and a lender is the

	a.	expected interest rate.
	b.	implied interest rate.
	c.	real interest rate.
	d.	nominal interest rate

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