Inflation reduces the value of money, including savings. The real interest rate expresses the rate of return on savings, taking into account the effect of inflation. The real interest rate is calculated as the nominal interest rate minus the rate of inflation.
Standard detail
2.
Benchmark
Depth 1Parent ID: D89CD8D6E4F744218BA6EAEED0288308Standard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 2.
- List ID
- 2.
- Standard ID
- 126723EBA40A4221B058B3B8C4A50C02
- ASN identifier
- S2604562
- Subject
- Financial Literacy
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- D89CD8D6E4F744218BA6EAEED0288308
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US