Question

I NEED HELP ASAP

what is the real interest rate for an account with nominal interest rate of 1% when the rate of inflation is 1%

-2%
-1%
-0%
-1%
-2%

Answer 1

0% is your answer

Explanation:

Answer 2

To find the real interest rate, subtract the rate of inflation from the nominal interest rate.

Real interest rate = 1% - 1% = 0%