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Setler [38]
3 years ago
15

Suppose Frankie is a consumer in the simple economy from questions 1 and 2. He has sent you an email with some

English
2 answers:
alekssr [168]3 years ago
8 0

Answer: my real return will be 5.22%

Explanation: The nominal rate of return is the stated interest rate on an account. The real rate of return describes the actual return after inflation is considered.

The relationship between the nominal rate of return and the real rate of return is shown by this equation:

real interest rate = nominal interest rate − rate of inflation.

From questions 1 and 2, we know that this simple economy has an inflation rate of 2.22%.

The account at Bank StarOne has a stated, or nominal, interest rate of 3%. So, this would be the real rate of return:

3% − 2.22% = 0.78%.

Frankie incorrectly identifies the real return on this account as 5.22% because he added the inflation rate instead of subtracting it.

Hope this helped! :)

gregori [183]3 years ago
7 0

Answer: I think that all of these are valid and sufficiently considered offers in my opinion. Nothing out of the sort.

Explanation: Hope this helped! Have a STUPENDOUS day! <3

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Read 2 more answers
Sequence description for the word perpetual.
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The sequence description of the word perpetual implies the ability for an item's continuity and persistence for an indefinitely long period of time.

<h3>What is the sequence description of the word perpetual?</h3>

The sequence description of the word perpetual means something that is nonstop in nature and perpetuates for an unlimited duration. It also shows the continuity and persistence for an indefinitely long period of time.

Based on this sequence description, the word perpetual can be used in a sentence as:

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Learn more about the word perpetual here:
brainly.com/question/4083694

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