Explain the differences between real and nominal rates

Reference no: EM13458073

Explain the differences between real and nominal rates? Discuss why this is important to induce action on the part of borrowers and lenders? Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

Reference no: EM13458073

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