Steven Nickolas is a freelance writer and has 10+ years of experience working as a consultant to retail and institutional investors. Amy is an ACA and the CEO and founder of OnPoint Learning, a ...

Reviewed by Erika Rasure Fact checked by Vikki Velasquez Multiple economic factors influence interest rates. Three types of interest rates, including real, nominal, and effective affect consumers' ...

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Discover how the monetary conditions index (MCI), which was developed by the Bank of Canada, evaluates economic conditions using interest and exchange rates.