Overview
Real interest rates are a crucial concept in economics, representing the true cost of borrowing after adjusting for inflation. Understanding real interest rates helps individuals and businesses make informed financial decisions, as they reflect the actual purchasing power of money over time. By anal...
Key Terms
Example: If a bank offers a 5% nominal interest rate, this is the rate before considering inflation.
Example: If inflation is 3%, a $100 item will cost $103 next year.
Example: Real Interest Rate = Nominal Interest Rate - Inflation Rate.
Example: Foreign direct investment is a type of capital flow.
Example: If inflation rises, purchasing power decreases.
Example: Lowering interest rates to stimulate economic growth.