Real Interest vs. Nominal Interest: What’s the Difference?

[wp_ad_camp_1] Start talking about money and interest rates come into the equation.  Get a mortgage, buy a house, or get an auto loan—you will hear about interest rates.  But what you may not know is that the interest rate referenced most of the time is the nominal interest rate, and not the real interest rate.  So what is the difference between real versus nominal interest rates?

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