Suppose the Nominal Interest Rate on a One-Year Car Loan

question 67

Multiple Choice

Suppose the nominal interest rate on a one-year car loan is 8% and the inflation rate is expected to be 3% over the next year. Based on this information, we know:

• A) the ex ante real interest rate is 5%.
• B) the lender benefits more than the borrower because of the difference in the nominal versus real interest rates.
• C) at the end of the year, the borrower pays only 5% in nominal interest.
• D) the ex post real interest rate 11%.

Explain the workings of the endocrine system and the hormones it secretes.

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