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In this video, we look at what is meant by an interest rate and the different types of interest rate we might experience in an economy, along with some relevant UK …
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Daily Global New Media
In this video, we look at what is meant by an interest rate and the different types of interest rate we might experience in an economy, along with some relevant UK …
source
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I thought that the real interest rate was the nominal interest rates divided by the rate of inflation? So with a nominal interest rate of 6% and an inflation rate of 3% the real interest rate would not be 3% rather 2.91%.
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