Kelly puts money in a savings account. one year later she has two percent more dollars and can buy three percent more goods. kelly earned a real interest rate of:

Real interest rate was 3%

Explanation:

At the end of the year Kelly had 2 percent more dollars which mean that the nominal interest rate was 2 percent. However she could by 3 percent more things which means that her purchasing power increased by 3 percent therefore the real interest rate she earned was 3 percent as she can now purchase 3% more things. The reason for the 3 percent increase in interest rate is that the nominal interest rate as 2% and the prices fell 1%, therefore her real interest rate was 3%.

answer blank(1).(2); sharpe;

answer:

simon wants to open a savings account. which of the following documents will the bank request for identification details?

b.   passport

step-by-step explanation: