the nominal interest rates were quite high and the real interest rates were very low in the u.s. during the late 1970's. this can indicate that

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18-10-2022
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the nominal interest rates were quite high and the real interest rates were very low in the u.s. during the late 1970's. this can indicate that

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contexto1212 contexto1212 · Answer 1 · 2022-10-22T11:24:16+02:00

In relation to the amount lent, deposited, or borrowed, the amount of interest due each period is expressed as an interest rate (called the principal sum).

The required details for interest rate in given paragraph

The total amount of interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time when it is borrowed, deposited, or lent. A rate over a year is called an annual interest rate. However, they are typically annualized. Other interest rates apply over shorter time frames, such a day or a month.

An indication reflecting the preference for a dollar of present income over a dollar of future income is how the interest rate has been described. The borrower wishes or requires to get funds as soon as possible.

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