Answer:
Punishments.
Explanation:
Punishments were given to the officials if smuggling was detected because the official commit the crime and according to the law, a man who commit crime should be punished. As a representative of an organization or government department, an official has a great responsibility to serve the department and the people of the country and avoid doing such type of crimes which damaged the his reputation.
Greek since i've written in greek before and if you look there will be similarities hm...maybe not
Given Information:
Nominal Interest Rate = 6.3 %
Inflation Rate = 1.7 %
Required Information:
approximate real rate of interest?
exact real rate of interest?
Answer:
approximate real rate of interest = 4.6%
exact real rate of interest = 4.5%
Explanation:
Nominal Interest Rate: The interest rate that a person earn or pay on a loan.
Real Interest Rate: The nominal interest rate after adjusting for inflation.
Relation between Nominal and Real Interest Rate: The fisher equation
Real Interest Rate = Nominal Interest Rate - Inflation Rate
approximate real rate of interest = 6.3% - 1.7% = 4.6%
exact real rate of interest = (1 + 0.063)/(1 + 0.017) = 1.045 = 4.5%
6543218967 should be correct
