If interest rate parity holds and the annual German nominal interest rate is 3 percent and the U. S. annual nominal rate is 5 percent and real interest rates are 2 percent in both countries, then inflation in Germany is about than in the United States.
A) 2 percent higher
B) 2 percent lower
C) 1 percent higher
D) 1 percent lower
E) 4 percent lower

B) 2percent lower

Explanation:

Nominal interest rate = Real interest rate + inflation rate

Inflation rate = Nominal interest rate- real interest rate.

For Germany:

Given

Nominal rate = 3%

Real interest rate= 2%

Inflation rate = 3%-2%

Inflation rate for Germany = 1%

For United State:

Nominal interest rate = 5%

Real interest rate = 2% (same as for Germany)

Inflation rate = 5%-2%

Inflation rate for US = 3%.

The inflation rate in US is therefore 2% higher than that of Germany OR the inflation rate in Germany is about 2% lower than that of the United States.

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

answer; foreign exchange transaction;