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Loraine Loraine
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9 years ago
You borrow at a nominal interest rate of 10 percent. If the inflation rate is 4 percent, then the real interest rate is
A) the $10 in interest you have to pay.
B) 16 percent.
C) 2.5 percent.
D) 6 percent.
E) 14 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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