Literary terms and their definitions for students in Ms. Cox's English 10 Honors at Cardinal Gibbons High School, 2012-2013.
Around 90 per cent of home loans in Spain have a variable (interÃ©s variable) instead of a fixed interest (interÃ©s fijo) rate and theyâve traditionally been set at 1 to 2 per cent above the base rate (European inter-bank rate or EURIBOR).
For example, if the nominal interest rate offered on a three-year deposit is 4% and the inflation rate over this period is 3%, the investorâs real rate of return would be 1%.While the real rate is low, at least it will preserve the investorâs purchasing power.n the other hand, if the nominal interest rate is, say, 2% in an environment of 3% inflation, the investorâs purchasing power would erode by 1% per annum. Central banks set short-term nominal interest rates, which then form the basis for other interest rates charged by banks and financial institutions.