You borrowed $200 and repaid $211 at the end of the year. During the year, inflation was 0.7%. What was the real interest rate, in percent? (Please use the Fisher effect to approximate your answer if appropriate.) Round to one decimal place digit and do not enter the % sign. If your answer is 6.14%, enter 6.1. If your answer is 6.16%, enter 6.2. If appropriate, remember to enter the-sign 4.8

You borrowed $200 and repaid $211 at the end of the year. During the year, inflation was 0.7%. What was the real interest rate, in percent? (Please use the Fisher effect to approximate your answer if appropriate.) Round to one decimal place digit and do not enter the % sign. If your answer is 6.14%, enter 6.1. If your answer is 6.16%, enter 6.2. If appropriate, remember to enter the-sign 4.8

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter13: Inflation

Section: Chapter Questions

Problem 12SQ

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