When a bank provides a loan for a large consumer purchase, the nominal interest rate is the real interest rate minus expected inflation the sum of actual inflation and the real interest rate set with no

When a bank provides a loan for a large consumer purchase, the nominal interest rate is

the real interest rate minus expected inflation

the sum of actual inflation and the real interest rate

set with no consideration of expected inflation

always less than the real interest rate

the advertised rate, unadjusted for inflation

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When a bank provides a loan for a large consumer purchase, the nominal interest rate is the real interest rate minus expected inflation the sum of actual inflation and the real …

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