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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 bank returns $1,060 on the $1,000 deposited for a year during which inflation was 4 percent, the real interest rate is
A) 6 percent.
B) 10 percent.
C) -2 percent.
D) 2 percent.
E) 16 percent.
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
It was nothing, thanks for updating us.
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