0
Rate this Study Guide:
☆☆☆☆☆Calculating Interest: Principal, Rate and Time are Known--I= p r t
http://www.calculator.net/interest-rate-calculator.html
The level of interest rates in a free market economy are primarily determined by the rate of inflation, the demand for money, and the actions of the Federal Reserve. Lenders of money will generally demand what is known as a nominal interest rate which is equal to a real interest rate plus a premium to cover the inflation rate. The real, or inflation adjusted interest rate, is the percentage rate of return to a lender as measured by an increase in purchasing power.
Yale professor Irving Fisher's economic theory of interest rates laid the conceptual groundwork for establishing that the nominal interest rate equals the real interest rate plus the anticipated rate of inflation. Fisher's mathematical equations in his theory of interest rates are supported by empirical data. A comparison of comparable maturity U.S. Treasury securities, one of which has a fixed rate and the other an inflation adjusted rate, shows that the nominal interest rate always exceeds the real interest rate.
A consumer, whether a borrower or a saver, will generally be quoted a nominal interest rate by a bank on a loan or a savings account.
Each state is responsible for and runs its own unemployment insurance program.
Equal Employment Opportunity Commission
state
Lyndon B. Johnson
tax revenues
Department of the Treasury
United State Patent and Trademark Office (A+LS)
Programs continued to increase,even though the economy was stronger
piracy
Penalize and shut down businesses that do not follow its regulations.
Because they are placed on items to help act as a deterrent.
Supplemental Nutrition Assistance Program
It causes a boom in spending and production that may not be paid back.
Keep it stable
Great Depression
ys cash benefits to qualifying workers who have lost their jobs.
the total demand for final goods and services in the economy
national highway system
it is part of expansionary monetary policy
A copyright.
The Environmental Protection Agency (EPA) monitors threats to the environment and public health.
