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An investor requires a 3 percent increase in purchasing power in order to induce her to lend. She expects inflation to be 2 percent next year. The nominal rate she must charge is about:_______. A.1% B.
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Dec 15, 2021
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An investor requires a 3 percent increase in purchasing power in order to induce her to lend. She expects inflation to be 2 percent next year. The nominal rate she must charge is about:_______.
A.1%
B. 2%
C. 3%
D. 5%
E. 7%
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Ndclt
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Answer:
The correct answer will be
D. 5%
Step-by-step explanation:
Bogdan Verbenets
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Dec 21, 2021
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Bogdan Verbenets
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