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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
If the CPI is 170 at the beginning of the year and 181 at the end, and a bank is paying a nominal interest rate of 6 percent, we see that
A) the real interest rate is negative.
B) the interest nominal rate is negative.
C) the real interest rate is positive and is less than 1 percent.
D) the real interest rate is positive and is larger than 1 percent.
E) the real interest rate is equal to zero.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Chimelo46Chimelo46
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9 years ago
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9 years ago
The textbook reference in your signature really helped me narrow it down.

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