728x90 728x90 Inflation2 Nominal Interest Rate VS Real Interest Rate What is a Nominal Interest Rate?The nominal interest rate is the interest rate applied when lending or borrowing money. Simply put, it's the interest rate you receive when you save money in a bank or the interest rate you pay when you take out a loan.Understanding Through ExamplesExample 1: SavingsYou save $1,000 in a bank for one year at a nominal interest rate of 5% per annum.The interest earn.. 2024. 8. 8. What is the Consumer Price Index (CPI)? What is the Consumer Price Index (CPI)?The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services over time. In simpler terms, it's a number that shows how much the prices of things we buy every day, like food, housing, and transportation, have changed over time. Why is the CPI Measured?Measuring Inflation: The CPI is us.. 2024. 8. 3. 이전 1 다음 728x90 728x90
